SoftBank-Backed Katerra Gets Nod to Solicit Votes on Liquidation

Katerra Inc., a construction firm based in Silicon Valley, got interim court approval for its disclosure statement and to collect votes on a proposed bankruptcy plan that would fully repay secured lenders.

• The official creditor committee filed an objection to the disclosure statement, and a motion to terminate the company’s exclusive control over its Chapter 11, in order to be able to pursue claims against the debtor’s directors and officers
• Judge David Jones approved the Katerra disclosure statement in a court hearing in Houston Tuesday
• Earlier: SoftBank-Backed Katerra Seeks Liquidation After Selling Assets
• The case is Katerra, Inc., ...