K-V Pharma Wins Access To $31M In Cash Collateral

Law360, New York (August 9, 2012, 1:17 PM EDT) -- A New York bankruptcy judge on Thursday approved new debtor K-V Pharmaceutical Co.'s request to access $31.4 million in cash collateral to help it maneuver through the first 15 days of its bankruptcy and continue to pay employee wages and other necessary expenses.

U.S. Bankruptcy Judge Allan L. Gropper granted the motion after the debtor claimed it needs the money to continue operating until a final hearing on this and other matters takes place Aug. 23 and informed the court that it's agreed to terms with...
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