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Norwood Wins Bid For Cash, Other 1st-Day Motions

Law360 (May 8, 2009, 12:00 AM EDT) -- Imprinted promotional products supplier Norwood Promotional Products Holdings Inc. has won approval for several first-day motions, including authorization to obtain post-petition financing and use cash collateral.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware signed off on those orders and others on Thursday, two days after the Indianapolis-based company filed for Chapter 11 citing its inability to pay off creditors after being hit by a devastating combination of general financial decline and losses from a July 2008 flood that closed...
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