Bankruptcy Judge OKs A123's Liquidation Plan; Most Claims Repaid In Full

Bankruptcy Judge OKs A123's Liquidation Plan; Most Claims Repaid In Full

WILMINGTON, Del. - The bankruptcy judge presiding over the Chapter 11 liquidation of alternative energy company A123 Systems Inc. on May 20 confirmed the company's liquidation plan under which most creditors would recover 100 percent of their claims, with subordinated noteholders recovering 65 percent of the money they are owed (In Re: A123 Systems Inc., No. 12-12859, Chapter 11, D. Del. Bkcy.).

Find full version on lexis Advance®
Access this news story on lexis.com®