Judge Approves Meridian Reorganization Plan

Law360, New York (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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.