In re American Media Inc.

Ruling: 
Chapter 11 plan was confirmable despite rejection and deemed rejection by two classes of creditors.
Procedural posture: 
Debtors-in-possession, publishers of newspapers and magazines, moved for a confirmation order, to effectuate confirmation of their amended joint prepackaged plan of reorganization under chapter 11, and to approve the adequacy of their disclosure statement, solicitation of votes, and the forms of ballots and the election.
Issue: 
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Commercial case opionion summary, case decided on December 20,2010, LexisNexis #0211-029