U.S. Bankruptcy Court approves SGI’s reorganization-plans

SGI LogoVia #sgi@ircnet:

“SGI today announced that its Plan of Reorganization has received judicial confirmation, setting the stage for the company’s emergence from Chapter 11 in October 2006.

At today’s hearing, Judge Burton Lifland ruled that all the necessary requirements have been met for SGI to implement its Plan of Reorganization. Every voting class of creditors voted overwhelmingly in favor of the plan.”

More corporate blabla in SGI’s newsroom.

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