Formica receives court approval of disclosure statement
The United States Bankruptcy Court for the Southern District of New York has issued an order approving Formica Corp.'s disclosure statement with respect to its
plan of reorganization. The court's action indicates that
Formica's disclosure statement contains adequate information for parties in
interest to vote on the plan.
Previously, on Oct. 29, the Court had conditionally approved the disclosure statement with the understanding that the company would soon resolve matters pertaining to its exit financing.