Atlantic Express Gets OK For 1st Wave Of Asset Sales

Law360, New York (December 16, 2013, 4:19 PM EST) -- School bus and charter bus operator Atlantic Express Transportation Corp. on Monday received approval from a New York bankruptcy court to sell a handful of assets but still has many moving parts to finalize as it slogs through a complex sale process that is complicated even more by students in need of bus service.

U.S. Bankruptcy Judge Sean H. Lane oversaw a Monday hearing in which attorneys for the Staten Island-based company, proceeding under Metro Affiliates Inc.’s bankruptcy case, outlined the 10 asset sale transactions they...
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