Highway Tech Looks To Unload Equipment Quickly In Ch. 11

Law360, Wilmington (May 23, 2013, 9:36 PM EDT) -- A Delaware bankruptcy judge gave the nod Thursday for many of Highway Technologies Inc.'s first-day requests, including up to $3 million in bankruptcy financing and permission to immediately sell signs and other equipment the company had left out on active roadway projects.

U.S. Bankruptcy Judge Kevin J. Carey ordered that the Houston-based company report biweekly on progress trying to sell equipment such as cones, barricades, lights and signs that are still on highways across the country after the company stopped operating and terminated about 90 percent...
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