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Published on 12/18/2008 in the Prospect News Distressed Debt Daily.

Wellman confirmation hearing adjourned

By Rebecca Melvin

New York, Dec. 18 - Wellman Inc.'s hearing to confirm the company's third amended joint plan of reorganization before the U.S. Bankruptcy Court for the Southern District of New York was adjourned Thursday before it began, according to an attorney close to the case.

It was not known at press time when the hearing would be rescheduled.

Wellman, a Fort Mill, S.C., polyester products manufacturer, filed for bankruptcy on Feb. 22, 2008. Its Chapter 11 case number is 08-10595.


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