RadioShack Estate Wins Nod For Ch. 11 Confirmation

Law360, Wilmington (September 30, 2015, 3:46 PM EDT) -- A Delaware bankruptcy judge on Wednesday agreed to confirm the RadioShack Corp. estate’s Chapter 11 plan after also giving the thumbs-up to a settlement between the debtor and unsecured creditors and lenders Standard General LP and Wells Fargo Bank NA that put to rest a fight threatening to derail the liquidation strategy.

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon said that the deal — final details of which were hammered out minutes before the confirmation hearing was set to restart — “far...
To view the full article, register now.