January 06, 2017
Vodka producer Roust Corp. on Friday got the green light to move forward on a prepackaged Chapter 11 plan, allowing the Russian Standard Group subsidiary to reduce its noteholder debt by hundreds of millions, as a New York bankruptcy judge cast aside a lone objection from the U.S. trustee.
January 05, 2017
A U.S. Trustee has urged a Manhattan bankruptcy judge to deny the prepackaged Chapter 11 plan submitted by vodka producer Roust Corp. with its bankruptcy petition last week, saying that the company is moving at an "unprecedented speed" by seeking confirmation at its first-day hearing on Friday.