Thursday, May 26, 2016
Current Weather
Loading Current Weather....
Published: Wednesday, 10/29/2003

Vote again delayed on OC bankruptcy plan

A judge has once again delayed the start of voting on Owens Corning's bankruptcy-exit proposal.

Judge Judith Fitzgerald, of U.S. Bankruptcy Court in Wilmington, Del., put off until Nov. 17 a decision on a telephone-book-sized disclosure statement that will accompany voting materials that will be sent to thousands of creditors in the three-year-old Chapter 11 case, a lawyer in the case said.

OC officials had hoped for a decision on the matter at a hearing Monday. But Judge Fitzgerald said the parties did not have enough time to review provisions involving an asbestos-claims-payment trust fund that is a key part of OC's reorganization proposal, spokesman Dave Dimmer said.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.