Judge Signs Off On Whitehall Settlement

Law360, New York (September 15, 2008, 12:00 AM EDT) -- Whitehall Jewelers Inc. won approval from a federal bankruptcy judge Thursday for its plan to pay back more than 120 vendors across the U.S. by the end of September.

Judge Kevin Gross of U.S. Bankruptcy Court for the District of Delaware also gave Whitehall an extra day to get final approval for its debtor-in-possession financing agreement.

Whitehall Jewelers filed the global settlement agreement on Aug. 18. Under the agreement, creditors would receive the proceeds of the liquidation of some $146 million in assets, not including $61...
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