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.