Bankruptcy Judge OKs Holley's 1st-Day Motions

Law360, New York (September 30, 2009, 12:59 PM EDT) -- Holley Performance Products Holdings Inc., a bankrupt race car parts supplier, has won approval of its first-day motions, including bids to pay workers' prepetition wages and honor roughly $2.5 million in prebankruptcy obligations to customers.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware signed off on Holley's first-day motions Sept. 29.

In addition to its requests to pay workers and meet customer obligations, Holley submitted several other first-day motions that Judge Walsh approved. Those motions include requests for joint administration,...
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