Judge Blesses Allied-Yucaipa Investor Deal

Law360, New York (April 26, 2007, 12:00 AM EDT) -- A federal bankruptcy judge has given the green light to a deal between Allied Holdings Inc. and majority shareholder Yucaipa Cos. in a move that will allow investors to purchase stock in the reorganized company.

The approved settlement, signed off on by U.S. Bankruptcy Judge C. Ray Mullins on Monday and entered into court dockets on Tuesday, came just days after Allied and Yucaipa brokered the deal with the shareholders group on April 20, ending a protracted legal battle between the two parties.

Judge Mullins said...
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