Sunday, May 27, 2018
One of America's Great Newspapers ~ Toledo, Ohio


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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…