Fedders Gets Green Light To Sell HVAC Unit

Law360 (January 31, 2008, 12:00 AM EST) -- A federal bankruptcy judge has paved the way for Fedders Corp. to put its commercial heating and cooling systems manufacturing unit up for sale next week.

In an order handed down Monday in the U.S. Bankruptcy Court for the District of Delaware, Judge Brendan L. Shannon approved the sale procedures and purchaser protections for the auction of substantially all assets of the unit, Fedders Addison Co. Inc.

Judge Shannon said the sale procedures are “reasonable and appropriate and are designed to maximize the recovery received from...
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