Bankrupt iGPS Wins Nod For $39M Sale Despite Fierce Flak

Law360, Wilmington (July 23, 2013, 11:56 PM EDT) -- Plastic pallet leaser iGPS Co. got the green light Tuesday for its $39 million sale to a consortium of private equity firms and other investors as a Delaware bankruptcy judge overruled objections that the deal left hundreds of millions of dollars on the table.

U.S. Bankruptcy Judge Kevin Gross' decision to approve the deal came on the third day of a sale hearing, a contentious affair that included nearly two full days of testimony and pitted iGPS against a tag-team of the U.S. trustee and the...
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