Pierre Foods Ch. 11 Disclosure Gets Court OK

Law360, New York (October 29, 2008, 12:00 AM EDT) -- A federal bankruptcy judge has approved the disclosure statement for Pierre Foods Inc. and authorized the debtor to start soliciting votes for its proposed plan of reorganization under Chapter 11.

In an order issued Wednesday, Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware approved the voting procedures and set the confirmation hearing for Dec. 10, with objections due Dec. 5.

The plan has the support of both the official committee of unsecured creditors and Oaktree Capital Management LP — the company's...
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