Bankruptcy Judge Approves Reichhold Holdings’ Plan Of Liquidation
(January 19, 2016, 1:01 PM EST) -- WILMINGTON, Del. — A Delaware federal bankruptcy judge on Jan. 13 approved a plan of liquidation for Chapter 11 debtor Reichhold Holdings US Inc. under which asbestos personal injury claimants will have to pursue their claims against a liquidating trust and the debtor’s insurance carriers (In re: Reichhold Holdings US, Inc., et al., No. 14-12237, D. Del. Bkcy.).
(Order available. Document #48-160129-008R.)
Reichhold and affiliates, including Reichhold Inc., filed Chapter 11 petitions in September 2014 in the U.S. Bankruptcy Court for the District of...