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Luna Innovations Could Emerge from Bankruptcy as Early as January 12

Court hearing set to confirm Luna’s plan of reorganization

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Luna Innovations Inc. announced that a bankruptcy court hearing has been set for January 12, 2010, to decide whether to confirm Luna’s plan of reorganization and allow Luna to emerge from bankruptcy.

If the court confirms Luna’s plan, Luna could emerge from bankruptcy as early as January 12 or 13. Under the plan, Luna proposes to pay 100% of its due and payable valid claims, and Luna stockholders will retain their shares of Luna’s common stock. As previously announced, the Plan also includes the settlement of Luna’s dispute with Hansen Medical, Inc., which is subject to various conditions.

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