Landauer Slams Creditors' Objections To Ch. 11 Sale Process

Law360, Wilmington (September 11, 2013, 10:29 PM EDT) -- Bankrupt medical equipment supplier Landauer-Metropolitan Inc. on Wednesday fired back at a creditors committee objection to the pace of its $22 million stalking horse sale, contending the cry for a lengthier process pays no heed to the company's rapid deterioration.

Landauer tumbled into Delaware bankruptcy court Aug. 16 and looks to wrap up a Section 363 sale to Quadrant Management Inc. by the end of the month. But the official committee of unsecured creditors objected to that proposal last week, saying it was overhasty and likely to...
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