Law360, New York (November 04, 2009) -- Bankrupt flooring company Congoleum Corp. has asked a judge to extend its debtor-in-possession financing agreement with Wachovia Bank NA through the end of June 2010 while it seeks approval of a bankruptcy plan that would resolve thousands of asbestos claims.
Congoleum filed a motion to approve the new DIP agreement with Wachovia on Tuesday in the U.S. District Court for the District of New Jersey. It said that while it...


