A judge on Friday approved a restructuring plan for Altegrity Inc., the company that gained notoriety when one of its units vetted former National Security Agency contractor Edward Snowden, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Laurie Selber Silverstein approved the plan after receiving assurance that all parties have been properly notified about a settlement between Altegrity and the U.S. government, in which both sides agreed to drop certain claims against one another in the bankruptcy case. Government probes into Altegrity not related to the bankruptcy can still continue, including any potential False Claims Act claims against former Altegrity officials. Debevoise & Plimpton LLP's Natasha Labovitz, a lawyer for Altegrity, said the many complications in the case forced the company to compromise on a restructuring plan that all parties supported. The company satisfied several plan objections in the days before the hearing, including the one with the government.
