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...
To view the full article, register now.

Related

Sections

Case Information

Case Title

K-V Pharmaceutical Company


Case Number

1:12-bk-13347

Court

New York Southern

Nature of Suit

Date Filed

August 3, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.