Ecotality's Asset Sale, Ch. 11 Financing Get Green Light

Law360, New York (September 20, 2013, 8:44 PM ET) -- Ecotality Inc., a U.S.-backed maker of electric-car charging stations, on Thursday received approval from an Arizona bankruptcy judge to sell off its assets at an auction next month and to obtain $1.25 million in debtor-in-possession financing.

U.S. Bankruptcy Judge Randolph J. Haines set an auction date for Oct. 8, and gave the green car services company leave to enter into deals with one or more stalking horse bidders by Sept. 30.

San Francisco-based Ecotality plans to unload all of its assets at the sale, including equipment,...
To view the full article, register now.