Judge Approves Meridian Reorganization Plan

Law360 (July 24, 2006, 12:00 AM EDT) -- A bankruptcy judge has signed off on Meridian Automotive Systems Inc.’s third amended disclosure statement, clearing the way for the auto parts maker to offer up the plan to creditors for a vote.

Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware gave the green light to the disclosure statement at a Friday hearing. A confirmation hearing is slated for Sept. 13 in bankruptcy court.

Meridian's President and CEO Richard E. Newsted said the court’s approval of the company’s disclosure statement allows...
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