Diamond Glass' Initial Motions Get Court's Nod

Law360, New York (April 3, 2008, 12:00 AM EDT) -- A judge has approved the initial motions of newly bankrupt automotive glass and repair service company Diamond Glass Inc., a development that will help the company continue business as usual while in Chapter 11.

U.S. Bankruptcy Judge Christopher S. Sontchi's rulings will enable the company to pay its employees, honor customer warranties and negotiate agreements with critical vendors to keep the company supplied during its reorganization, according to Diamond Glass.

In addition, the company won interim court approval of a new $7 million loan facility with...
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