Court Approves Reorganization Plan

Thursday, February 1, 2007 - 01:00

Young Conaway Stargatt & Taylor, LLP, acting as lead counsel, recently gained approval from the United States Bankruptcy Court for the District of Delaware of the First Amended Joint Plan of Reorganization filed by SMART Papers, LLC and certain of its affiliates.

Robert Brady, Joseph Malfitano, Sean Greecher and Ian Frederick handled the matter for Young Conaway.

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The U.S. Bankruptcy Court for the Southern District of New York conditionally confirmed the chapter 11 plan of liquidation filed by Hobart G. Truesdell of Walker Truesdell & Associates, Inc. The Order confirming the Plan is subject to receiving final signoff from the federal government on a global settlement, which should be forthcoming in the near future.

Counsel for the chapter 11 trustee has been Joseph Malfitano of Young Conaway.