US Energy Sale Of Landfill Gas Stake Approved

Law360, New York (March 13, 2009, 12:00 AM EDT) -- The judge overseeing the Chapter 11 bankruptcy proceedings of U.S. Energy Systems Inc., or USEY, has authorized the energy company to sell its interests in several landfill gas operations in a private sale that the debtors say is more favorable to them than a public auction.

In an order signed Friday in the U.S. Bankruptcy Court for the Southern District of New York, Judge Robert D. Drain approved the private sale free and clear of all liens, claims and encumbrances of the debtors' interest in ZFC...
To view the full article, register now.