USG Receives Approval of First-Day Orders in Chapter 11 Case
William C. Foote, chairman, president and chief executive officer, said that USG's operations continue without interruption during the Chapter 11 process. "Our operations remain open for business and will maintain their commitment to safety, and to providing quality products and superior service to their customers. Vendors will be paid for all goods furnished and services provided after the filing. Employee wages and benefit programs will continue as before." USG and its subsidiaries filed their voluntary petitions in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. The filing also included U.S. subsidiaries United States Gypsum Co., USG Interiors, Inc. and L&W Supply Corp. USG's international operations were excluded form the filing.
Additional information about the company's restructuring is available at http://www.usg.com.