Bankrupt Coach America Settles Bridgestone’s $1M Tire Claim

Law360, Wilmington (July 11, 2013, 3:58 PM EDT) -- In a major step toward closing its Chapter 11 case, the estate of Coach America Inc. settled a dispute Thursday with Bridgestone Americas Tire Operations LLC over $1 million for tires Bridgestone says kept the bus company rolling while it was looking to sell.

Under the settlement announced during a hearing in the U.S. Bankruptcy Court for the District of Delaware, Bridgestone will get $400,000 from a nearly $1.2 million sum the estate had set aside in reserve over the dispute, Coach America attorney Sharon Levine...
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