Bankruptcy Judge Approves Disclosure Statement For Reichhold Holdings’ Plan
(December 21, 2015, 3:58 PM EST) -- WILMINGTON, Del. — The plan of liquidation for Chapter 11 debtor Reichhold Holdings US Inc. includes a cooperation agreement with the debtor’s asbestos products insurers under which defense and liability costs for asbestos personal injury claims will be paid by insurance, according to an amended plan disclosure statement that was approved Nov. 19 by a Delaware federal bankruptcy judge (In re: Reichhold Holdings US, Inc., et al., No. 14-12237, D. Del. Bkcy.).
(Order available. Document #48-151224-010R.)
Reichhold and affiliates, including Reichhold Inc., filed Chapter...