GSE's Ch. 11 Disclosures Win Judge's Nod

Law360, Wilmington (June 11, 2014, 6:41 PM EDT) -- A Delaware bankruptcy judge agreed Wednesday to sign off on GSE Environmental Inc.'s disclosure statement for its Chapter 11 plan after the debtor made peace with the creditors' committee in a deal that could see the recovery pool for general unsecured claims increase by about 40 percent.

At a hearing in Wilmington, Delaware, GSE attorney Jeffrey D. Pawlitz of Kirkland & Ellis LLP said the parties would submit Thursday a proposed order under certification of counsel, which, when formally approved by the court, would allow the industrial...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.