Wornick's Ch. 11 Plan Wins Over Most Creditors

Law360, New York (June 16, 2008, 12:00 AM EDT) -- A majority of The Wornick Co.'s senior secured noteholders has voted to approve the bankrupt military food supplier's Chapter 11 plan even as a minority of noteholders continued to claim the reorganization plan is unfair.

Fifty-three holders of 10 7/8% senior secured note claims due 2011, or 88.33%, voted to accept the plan, representing over $108 million, or 96% of that class's claims, according to the voting agent's declaration, filed June 11 in the U.S. Bankruptcy Court for the Southern District of Ohio.

Seven senior secured...
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