Landauer, Creditors Settle Differences Over Ch. 11 Sale

Law360, Wilmington (September 12, 2013, 6:29 PM EDT) -- Medical equipment supplier Landauer-Metropolitan Inc. got the green light Thursday to proceed with its $22 million stalking horse sale as planned after a Delaware bankruptcy judge approved an eleventh-hour settlement that defused creditor objections to pace of the proceedings.

Landauer Metro and its official committee of unsecured creditors had been at loggerheads over aspects debtor's proposed bid procedures, especially the time table calling for the Section 363 sale process before the end of the month.

While the past few weeks featured high-level and sometimes contentious discussions,...
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