Qimonda units joint liquidation plan approved by most voting creditors

By Caroline Salls

Pittsburgh, Sept. 14 - Qimonda Richmond, LLC and Qimonda North America Corp.'s joint plan of liquidation was approved by a majority of voting creditors, according to a Sept. 14 filing with the U.S. Bankruptcy Court for the District of Delaware.

A total of 2,300 holders, or 99.74% in number, of $301.24 million, or 99.996% in amount, of general unsecured claims against Qimonda Richmond voted to accept the plan, while six holders, or 0.26% in number, of $10,613, or 0.004% in amount, of those claims voted to reject it.

In addition, 2,289 holders, or 99.826% in number, of $23.57 million, or 99.803% in amount, of general unsecured claims against Qimonda North America voted to accept the plan, while four holders, or 0.174% in number, of $46,487, or 0.197% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for Sept. 19.

Qimonda North America and Qimonda Richmond, U.S. subsidiaries of Munich, Germany-based semiconductor memory products producer Qimonda AG, filed for bankruptcy on Feb. 20, 2009. The Chapter 11 case number is 09-10589.

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