Metaldyne Buyer Says BDC Appeal Of Sale Spurious

Law360, New York (October 20, 2009, 2:32 PM EDT) -- MD Investment Corp. has accused BDC Finance LLC of trying to muddy the waters in BDC's appeal of a bankruptcy court's decision approving the sale of most of Metaldyne Corp.'s assets to MDI by painting the auction process as unfair.

MDI, a consortium led by the Carlyle Group and Solus Alternative Asset Management LP; Metaldyne's official committee of unsecured creditors; and Metaldyne all filed briefs Monday in the U.S. District Court for the Southern District of New York.

BDC Finance is appealing an Aug. 12 decision...
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