Vivus plan of reorganization unanimously accepted by voting creditors

By Caroline Salls

Pittsburgh, Aug. 19 – Vivus, Inc.’s plan of reorganization was unanimously accepted by voting creditors, according to a ballot report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the one holder of $64.52 million in secured notes claims voted to accept the plan, as did the one holder of $170.9 million in convertible note claims.

The plan confirmation hearing is scheduled for Aug. 20.

Campbell, Calif.-based Vivus is a pharmaceutical company that filed bankruptcy on July 7. The Chapter 11 case number is 20-11779.

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