Bankrupt Landauer Balks At Rival's Motion To Litigate NY Suit

Law360, Wilmington (January 10, 2014, 10:49 PM EST) -- The bankruptcy estate of Landauer-Metropolitan Inc. objected in Delaware bankruptcy court Friday to a request by former suitor and rival Passaic Healthcare Services LLC to lift the automatic stay on a New York lawsuit over a soured merger and breached agreements.

Passaic Healthcare, which does business as Allcare Medical, has accused medical equipment supplier Landauer of violating a letter of intent and exclusivity agreement connected to a scuttled merger, and has asked the stay be lifted in part to defend against counterclaims from the debtor that...
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