Revstone's $54M Sale Of Nondebtor Units In Limbo

Law360, Wilmington (June 26, 2013, 7:02 PM EDT) -- A Delaware bankruptcy judge refused Wednesday to give his blessing to a proposed $54 million sale of two of Revstone Industries LLC's nondebtor affiliates, forcing attorneys for the auto parts conglomerate back to the negotiating table to somehow save the transaction.

U.S. Bankruptcy Judge Brendan L. Shannon said he wasn't comfortable putting his seal of approval on Revstone's bid to sell Contech Castings LLC and Contech Castings Real Estate LLC outside the Chapter 11 process in part because he didn't have the benefit of reviewing things...
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