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Highway Technologies, Inc.

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Case overview

Case Number:

1:13-bk-11326

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. March 01, 2016

    Accounting Firm BDO Accused Of Malpractice In Ch. 7 Cases

    The Chapter 7 trustee for the estates of Golden Guernsey Dairy LLC and Highway Technologies Inc. launched adversary cases late Monday against BDO USA LLP, accusing the accounting firm of malpractice by botching audits that caused "massive damage" to the companies, which both ended up in bankruptcy.

  2. September 23, 2013

    Highway Technologies Looks To Wind Down In Ch. 7

    Highway Technologies Inc. asked a Delaware bankruptcy judge Friday to convert its bankruptcy case to a Chapter 7 proceeding, saying enacting a Chapter 11 plan wouldn't be feasible for the mostly liquidated traffic safety services and equipment provider in light of estimated costs.

  3. August 14, 2013

    Bankrupt Highway Tech Gets Nod On Settlement, $3M DIP

    A Delaware bankruptcy judge gave the final OK on Wednesday to Highway Technologies Inc.'s $3 million post-petition loan, and a global settlement among creditors over the objections to the agreement from the U.S. Trustee's Office, which argued the terms turned the Bankruptcy Code "on its head."

  4. August 09, 2013

    Highway Tech Creditors Refute Trustee's Settlement Qualms

    The creditors committee in Highway Technologies Inc.'s Chapter 11 proceedings said Friday that the U.S. Trustee had "missed the mark" when it took issue with a proposed settlement among creditors, arguing the bankruptcy watchdog had overstated concerns about administrative and priority creditors not being paid enough.

  5. August 05, 2013

    US Trustee Slams Global Settlement In Highway Tech Ch. 11

    The U.S. Trustee's Office slammed a proposed global settlement among the creditors committee and other lenders in the Highway Technologies Inc. Chapter 11 case late Friday, arguing that it turns the Bankruptcy Code "on its head" by allowing unsecured creditors to get their money before more senior claimants are paid in full.

  6. June 27, 2013

    Bankrupt Highway Tech Gets Nod On $8M Branch Sales

    A Delaware bankruptcy judge indicated Thursday that he would approve deals struck by traffic safety firm Highway Technologies Inc. to sell two of its branches for a total of more than $8 million, with one fetching more than double the value of its stalking horse bid at auction.

  7. June 07, 2013

    Highway Technologies' Creditors Press For Ch. 7 Conversion

    Highway Technologies Inc.'s creditors committee urged a Delaware bankruptcy judge Thursday to convert its case to Chapter 7, saying a piecemeal liquidation in Chapter 11 offers little for the shuttered traffic-safety company or its unsecured creditors.

  8. June 06, 2013

    Highway Technologies Seeks To Sell Off Branches For $5M

    Highway Technologies Inc. on Wednesday asked a Delaware bankruptcy judge to approve agreements to sell two of its branches for about $5.25 million, as part of the defunct traffic safety firm's efforts to wind down its business after a soured sale brought its operations to a halt.

  9. May 30, 2013

    Bankrupt Traffic Co. Shed Workers Without Notice, Suit Says

    Two laid-off employees of bankrupt Highway Technologies Inc. launched a putative class action against the company Thursday, alleging they weren't given proper notice when the Houston-based traffic safety firm terminated about 90 percent of its workforce before filing for Chapter 11 protection.