Suitor Says It Was Shut Out Of Auction For Revstone Unit

Law360, Wilmington (January 9, 2014, 5:14 PM EST) -- Angstrom Automotive Group LLC lodged an adversary action late Wednesday in Revstone Industries LLC's bankruptcy, claiming it was interested in buying one of the company’s nondebtor affiliates, but that the debtor didn’t allow it to participate in the auction process.

Angstrom, which purchased the assets of the auto parts conglomerate's affiliate Greenwood Forgings LLC for about $4 million after winning an auction in May, said it wanted to buy Creative Lighting Solutions LLC and went as far as putting together a formal bid — undisclosed in...
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