'Titanic' Effects Firm's Hastened Sale Plan Gets Court OK

Law360, Wilmington (September 20, 2012, 9:44 PM EDT) -- Digital Domain Media Group Inc., creator of special-effects for “Titanic” and “Transformers,” got the go-ahead from a Delaware bankruptcy judge Thursday to proceed with its “unprecedented” sale schedule calling for an auction and sale hearing within weeks of the Chapter 11 filing.

U.S. Bankruptcy Judge Brendan L. Shannon scheduled the hearing to reconsider the bid procedures he tentatively had approved Sept. 12 following a contentious seven-hour hearing and agreed to sign off after no parties objected to the time line and debtors announced they expected six...
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