Revstone Unit OK'd To Probe Creditor In Bankruptcy Battle

Law360, Wilmington (October 16, 2013, 6:08 PM EDT) -- A unit of bankrupt auto parts conglomerate Revstone Industries LLC on Wednesday got the go ahead to launch a limited investigation into a creditor’s dealings with a nondebtor affiliate, as a Delaware bankruptcy judge worried the contentious case could become “smoking rubble.”

U.S. Bankruptcy Judge Brendan L. Shannon granted the motion from Revstone unit Spara LLC for a so-called 2004 examination of Boston Finance Group LLC, which Spara said it requested to figure out what happened to cause a purported drop in value at nondebtor subsidiary Lexington...
To view the full article, register now.