Allied Creditors Can't Delay Hearing For NY Proceeding

Law360, Wilmington (October 25, 2012, 7:36 PM EDT) -- A Delaware bankruptcy judge on Thursday refused the request of certain Allied Systems Holdings Inc. creditors to delay an upcoming hearing in the car hauler's Chapter 11 until after a New York state judge heard their suit.

Launched by the creditors who made Allied the subject of the involuntary bankruptcy petition that spurred the company into Chapter 11, the New York suit seeks a summary judgment on which lender holds the majority of Allied's $244 million debt, an issue which has brought the four-month old bankruptcy...
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