Judge's OK Paves Way For Diamond Glass Auction

Law360, New York (April 28, 2008, 12:00 AM EDT) -- A judge approved bidding procedures Thursday for bankrupt automotive glass and repair service company Diamond Glass Inc. to sell substantially all of its assets at an auction on June 5.

An affiliate of Guggenheim Corporate Funding LLC, which is providing Diamond Glass with a $7 million credit facility, will be the stalking horse bidder at the auction. Diamond Glass expected to sell its assets to Guggenheim when it filed for Chapter 11 protection less than a month ago but will consider other competitive bids.

Judge Christopher...
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