Imagenetix Inc., a San Diego-based company developing over-the-counter topical creams, skincare products and nutritional supplements, announced that its reorganization plan was confirmed and that all provisions of the plan were approved by Bankruptcy Judge Margaret Mann with an effective date of Sept. 16, the San Diego Business Journal reported today. Shareholders as of the initial filing were not impacted and continue to retain their holdings. Payments to unsecured creditors are being accelerated and will be paid per the plan shortly after the effective date. All previous litigation naming Imagenetix as a defendant has been favorably resolved.
