Armstrong World To File New Reorganization Plan

Law360, New York (May 22, 2006, 12:00 AM EDT) -- A confirmation hearing on Armstrong World Holdings Inc.’s reorganization plan, slated to start on Tuesday, will mark the flooring company's fifth attempt to get a plan affirmed since it filed for Chapter 11 five years ago.

According to the company, the plan will be substantially similar to the fourth amended plan of reorganization, filed almost exactly a year ago, except that it will eliminate the distribution of warrants to shareholders of Armstrong World’s parent company, Armstrong Holdings Inc.

Judge Eduardo C. Robreno will consider the modified...
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