Le-Nature's Trustee Seeks Court OK For Asset Sale

Law360, New York (July 3, 2007, 12:00 AM EDT) -- The U.S. Trustee overseeing the bankruptcy proceedings of Le-Nature's Inc. has asked for court approval of sale procedures in connection with supermarket chain Giant Eagle Inc.'s $20 million stalking-horse bid to acquire the beleaguered drink maker's Latrobe, Pa. plant assets.

U.S. Trustee R. Todd Neilson said in court documents filed Friday that the U.S. Bankruptcy Court for the Western District of Pennsylvania should give the green light to sale procedures and overbid protections relating to the proposed sell-off of Le-Nature's bottling operations and warehouse facilities at...
To view the full article, register now.