Hostess Shouldn't Sell Polluted Sites Without OK: US

Law360, New York (February 15, 2012, 4:19 PM EST) -- The United States told a New York judge on Tuesday it objected to bankrupt Hostess Brands Inc.'s request to sell certain assets without prior court approval, arguing that an order authorizing the sales would have to take into account liabilities for environmentally contaminated property.

The U.S. Attorney for the Southern District of New York asked Judge Robert Drain to require language in any order allowing the sales that says that a purchaser of contaminated property from the bankrupt confectioner would not be released of the responsibility...
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