AstraZeneca Unit's Ch. 11 Case Gets The Ax

Law360, Wilmington (June 3, 2013, 8:02 PM EDT) -- A Delaware bankruptcy judge tossed an AstraZeneca PLC affiliate's Chapter 11 case on Friday, ending a squabble over a contaminated parcel of land near San Francisco that the debtor has been accused of trying to avoid cleaning up.

Both debtor Cherokee Simeon Ventures LLC and secured creditor EnviroFinance Group LLC had asked the court to ax the case, with EFG claiming it was filed in “bad faith,” and CSV arguing it didn't have any money to continue with the process.

U.S. Bankruptcy Judge Kevin Gross issued...
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