Asbestos Personal Injury Claimants Reject Budd’s Plan Of Reorganization
(June 23, 2016, 1:21 PM EDT) -- CHICAGO — Asbestos claimants were the only class to reject the proposed Chapter 11 plan of reorganization for debtor The Budd Co. Inc., voting 958-696 against the plan, despite a recommendation to approve the plan by the official asbestos claimants’ committee, according to a balloting report filed June 20 in Illinois federal bankruptcy court (In re: The Budd Company, Inc., No. 14-11873, N.D. Ill. Bkcy.).