Oneida equity committee members granted court OK to continue trading company securities

By Caroline Salls

Pittsburgh, June 19 - Oneida Ltd.'s official committee of equity security holders obtained court approval for continued trading of the company's equity securities in line with procedures designed to prevent the misuse of non-public information, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Under the order, committee members who trade the company's securities as a regular part of their business can continue to do so after filing an affidavit with the court stating compliance with established information blocking procedures.

Oneida, the Oneida, N.Y, company that makes flatware, dinnerware, crystal and metal serving pieces for consumers and the food services industry, filed for Chapter 11 on March 19. Its Chapter 11 case number is 06-10489.

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