Bankrupt Houston Hardware Co. Seeks To Slash $18M Claim

Law360, Wilmington (July 9, 2013, 7:04 PM EDT) -- Bankrupt cooperative Handy Hardware Wholesale Inc. asked a Delaware bankruptcy judge Monday to nix nearly all of an $18 million claim filed by a Mississippi-based transportation company, saying the bulk of the amount consists of unfounded and inflated damages supposedly stemming from a rejected contract.

Handy Hardware contends Trans Power Corp.'s amended proof of claim is inflated by more than $17.5 million, losses it says the transportation company will not actually face from the cancellation of their service contract, according to an objection filed with the...
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