SOUTHFIELD, MI -- Federal-Mogul announced that on Feb. 2, the Honorable Judith K. Fitzgerald, United States Bankruptcy Court for the District of Delaware, approved the Supplemental Disclosure Statement describing the company’s Fourth Amended Joint Plan of Reorganization. The confirmation hearing with respect to the Amended Plan has been set for May 8.

The Bankruptcy Court also approved the solicitation and voting procedures by which the votes of a limited number of classes of creditors will be solicited. The Bankruptcy Court determined that it was not necessary to resolicit the votes of all classes of creditors and equity holders.

The Amended Plan is jointly proposed by Federal-Mogul, the Unsecured Creditors Committee, the Asbestos Claimants Committee, the Future Asbestos Claimants Representative, the Agent for the Prepetition Bank Lenders and the Equity Committee. The Plan also has the support of the Asbestos Property Damage Committee and the Ad Hoc Committee of Unsecured Creditors.

"Federal-Mogul is pleased with the developments accomplished at this hearing which together with the resolution for emergence of the United Kingdom Administrated companies, with activities in the Americas, Europe and Asia Pacific, represent major milestones toward exit from Chapter 11," said Chairman, President and Chief Executive Officer Jose Maria Alapont. "We continue to progress successfully, both in the implementation of our global profitable growth strategy to satisfy customer, employee and stakeholder expectations and in our commitment to confirm on May 8 our restructuring plan to emerge."

For more information about Federal-Mogul, visit: http://www.federal-mogul.com.