U.S. Bankruptcy Court Confirms Sea Launch Plan of Reorganization

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Wednesday, July 28, 2010

U.S. Bankruptcy Court Confirms Sea Launch Plan of Reorganization

LONG BEACH, Calif. ? The U.S. Bankruptcy Court in Delaware today approved the Sea Launch Plan of Reorganization (the "Plan"). Sea Launch Company LLC, a leading provider of launch services to the commercial satellite industry, filed the Plan on May 10, in preparation for its emergence from Chapter 11.

Court confirmation of the Plan is the culmination of a 13-month restructuring process that was initiated when Sea Launch filed for Chapter 11 protection on June 22, 2009. The Plan will become e [...]