Diamond Glass Inches Closer To Ch. 11 Exit

Law360, New York (September 25, 2008, 12:00 AM EDT) -- A bankruptcy judge has approved the second amended disclosure statement and voting procedures for next month's confirmation hearing on Diamond Glass' Chapter 11 liquidation plan.

In a ruling issued Wednesday, Judge Christopher S. Sontchi of the U.S. Bankruptcy Court of the District of Delaware approved the procedures and set the confirmation hearing for Oct. 30 with objections due a week before.

Diamond Glass submitted its second amended disclosure statement and liquidation plan on Tuesday to include protections for officers, attorneys and accountants from any charges of...
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