Bankrupt Highway Tech Gets Nod On Settlement, $3M DIP

Law360, Wilmington (August 14, 2013, 7:57 PM ET) -- A Delaware bankruptcy judge gave the final OK on Wednesday to Highway Technologies Inc.'s $3 million post-petition loan, and a global settlement among creditors over the objections to the agreement from the U.S. Trustee's Office, which argued the terms turned the Bankruptcy Code “on its head.”

U.S. Bankruptcy Judge Kevin J. Carey said he labored over his decision, weighing two scenarios: one where he approves a settlement that would allow unsecured creditors to see at least some money, and another where he rejects it and the...
To view the full article, register now.




Case Information

Case Title

Highway Technologies, Inc.

Case Number




Nature of Suit

Date Filed

May 22, 2013

Law Firms


Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Dewey Trial Day 69