Disclosure Statement was approved by the court yesterday, so classes 1 to 7 (not equity) can vote on the plan.
Common equity class 9 is not entitled to vote, since presumed to reject the plan, because it 'shall not receive or retain any distribution under the plan.'
Sources:
Court Clears Creditors to Vote on K-V Bankruptcy-Exit Plan Daily Bankruptcy Review , Stephanie Gleason, July 16, 2013, (c) 2013 Dow Jones & Company, Inc.
K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. ...
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