US Trustee Protests IGPS Plan For Ch. 11 Sale
In the objection, U.S. Trustee Roberta DeAngelis told a Delaware bankruptcy judge that the company's motion to approve bid procedures for its $49 million sale included both an unnecessary breakup fee and an unreasonable timetable.
The proposed $1.05 million breakup fee and $400,000 in expense reimbursement are not required...
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