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Judge Approves KV Pharmaceutical Reorganization


8/30/2013 8:05:25 AM

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A judge in KV Pharmaceutical Co.'s bankruptcy case has approved a reorganization plan for the drug maker. The decision, issued by Judge Allen Gropper, allows junior creditors to buy a majority stake in the company, the St. Louis Post-Dispatch reports. KV agreed on a $42.2 million program to pay off fines and penalties.

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