K-V Gets Judge's OK To Use Cash Collateral To Boost Biz

Law360, New York (September 14, 2012, 8:03 PM EDT) -- A New York bankruptcy judge on Friday approved K-V Discovery Solutions Inc.'s request to access its cash collateral after the life science company's largest creditor withdrew its objections to the motion.

U.S. bankruptcy Judge Allan L. Gropper signed off on a motion allowing the bankrupt company to access its cash collateral for at least the 75-day period following its Aug. 4 filing for Chapter 11 protection in order to bolster its current operations, according to the order. The only other way for the cash collateral deal...
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