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August 15, 2011

Harry & David cleared to emerge from bankruptcy

"Harry & David Holdings Inc won tentative court approval for its reorganization plan on Thursday, clearing the way for the gift basket maker to emerge from bankruptcy under the control of senior noteholders.

U.S. Bankruptcy Judge Mary Walrath, at a hearing in Wilmington, Delaware, said she was prepared to approve the reorganization, according to Brad Erens, a lawyer for Harry & David. Walrath had not entered an official order on the court docket by late Thursday."

Read more here.

August 15, 2011 in Current Affairs | Permalink

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