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Katy Industries' Ch. 11 Confirmation Paused For Ex-CEO's Suit

By Vince Sullivan (April 26, 2018, 7:20 PM EDT) -- Attorneys for bankrupt storage and cleaning products maker Katy Industries Inc. told a Delaware judge Thursday it needs additional time to continue negotiations with the company's former CEO over his application for relief from the automatic stay of litigation so that its Chapter 11 plan confirmation could be sought on a consensual basis....

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