Judge Confirms Goody's Reorganization Plan

Law360, New York (October 8, 2008, 12:00 AM EDT) -- A judge has confirmed the reorganization plan of discount retailer Goody's Family Clothing Inc., allowing the company to obtain new financing and push forward its efforts to emerge from bankruptcy.

The confirmed plan is expected to become effective in approximately 10 days, the company said Tuesday.

Paul White, Goody's chief executive officer, said the company has made good progress over the past few months.

“In particular, we have created a stronger and more nimble organization that is more effectively positioned to serve our very loyal customers....
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