Bus Manufacturer Loses Bid To Keep Ch. 11 In Del.

Law360, Wilmington (September 4, 2013, 2:17 PM EDT) -- A Delaware bankruptcy judge ruled Wednesday that the Chapter 11 proceeding for alternative fuel bus manufacturer DesignLine Corp. should be moved from the First State to North Carolina, where the company is headquartered, agreeing with an argument from unsecured creditors that it would make more sense for the case.

U.S. Bankruptcy Judge Mary F. Walrath noted that all of the company's physical assets are in North Carolina, many of the key players are within traveling distance of the Tar Heel State, and that though 70 percent...
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