$105M Personal Communications Sale Gets Green Light

Law360, New York (October 11, 2013, 2:47 PM ET) -- A New York bankruptcy judge on Thursday approved the $105.3 million sale of Personal Communications Devices LLC’s assets to stalking horse bidder Quality One Wireless LLC, after the auction process failed to yield any other suitable buyers.

U.S. Bankruptcy Judge Alan S. Trust gave the nod to the PCD sale to Florida-based Quality One from the bench, after several other “seriously interested purchasers” were found to be unqualified, according to Quality One attorney Joseph J. Wielebinski of Munsch Hardt Kopf & Harr PC.

The judge’s approval...
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