Fedders Corp.'s Disclosure Statement Approved

Law360, New York (July 17, 2008, 12:00 AM EDT) -- The judge presiding over Fedders Corp.'s bankruptcy case has approved the company's disclosure statement, clearing the way for creditors to vote on its liquidation plan next month.

Judge Brendan Shannon of the U.S. Bankruptcy Court for the District of Delaware signed off on the disclosure statement Wednesday following a hearing on Tuesday. He said that all objections to the statement have been overruled or declared moot.

Judge Shannon set a deadline of Aug. 13 for creditors to vote on approval of Fedders' liquidation plan. A confirmation...
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