Landauer Gets Nod To Solicit Votes For Ch. 11 Plan

Law360, Wilmington (March 13, 2014, 4:23 PM EDT) -- Former medical device supplier Landauer-Metropolitan Inc., which sold off its operating assets earlier this year, got the green light from a Delaware bankruptcy judge on Thursday to solicit votes for a liquidation plan that would wrap up its Chapter 11 case.

New York-based Landauer won approval in January to sell its business to a unit of investment firm Quadrant Management Inc. for $22 million, and the proposed Chapter 11 plan would distribute its remaining assets to creditors and wind up the bankrupt estate.

At a hearing...
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