Revstone Slams Suitor's Bid To Block Nondebtor Unit Sale

Law360, Wilmington (January 15, 2014, 9:19 PM EST) -- Revstone Industries LLC pushed back in Delaware bankruptcy court Wednesday against Angstrom Automotive Group LLC's request to halt the sale of a nondebtor unit, arguing that the firm was not shut out of the sale process and that the court has no jurisdiction over the matter anyway.

Revstone contends that Angstrom, which purchased the assets of the auto parts conglomerate's affiliate Greenwood Forgings LLC for about $4 million after winning an auction in May, was actually invited twice to bid on nondebtor unit Creative Lighting Solutions...
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