Judge Allows Gibson Refinancing Plan to Advance

A judge in U.S. Bankruptcy Court for the District of Delaware has approved a $135 million debtor-in-possession financing plan for the Nashville-based guitar maker Gibson Brands Inc., the Nashville Post reports. As part of Gibson’s Chapter 11 filing, chairman and CEO Henry Juszkiewicz and President David Berryman will step down from their roles into advisory positions.
          | TBA Law Blog