Bankrupt Ethanol Co. Settles Pipeline Co.'s Sale Objections

Law360, New York (August 21, 2013, 9:06 PM EDT) -- A Delaware bankruptcy judge on Wednesday signed off on a deal between the Chapter 7 trustee for bankrupt ethanol company Bionol Clearfield LLC and Pennsylvania pipeline owner TWP Pipeline LLC to resolve a dispute over Bionol’s liquidation auction.

U.S. Bankruptcy Judge Peter J. Walsh approved the resolution of a fight over the ownership and operation of a section of pipeline, which will hand roughly $60,000 to the trustee after taking into account money due to TWP.

The deal finally resolves TWP’s objection to the asset sale,...
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