March 13, 2014
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.
January 10, 2014
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.
January 06, 2014
A Delaware bankruptcy judge signed off Monday on the $22 million sale of medical device supplier Landauer-Metropolitan Inc. to a unit of investment firm Quadrant Management Inc., a deal which has taken a number of forms during the course of Chapter 11.
September 26, 2013
Medical equipment supplier Landauer-Metropolitan Inc. told a Delaware bankruptcy judge Thursday it intends to pursue an acquisition through a Chapter 11 plan rather than a Section 363 sale after stalking horse bidder Quadrant Management Inc. purchased the company's senior debt.
September 12, 2013
Medical equipment supplier Landauer-Metropolitan Inc. got the green light Thursday to proceed with its $22 million stalking horse sale as planned after a Delaware bankruptcy judge approved an eleventh-hour settlement that defused creditor objections to pace of the proceedings.
September 06, 2013
Unsecured creditors of Landauer-Metropolitan Inc. urged a Delaware bankruptcy judge Friday to put the brakes on the medical equipment supplier's planned $22 million stalking horse sale, saying the proposed bidding procedures set an overly hasty schedule.
August 20, 2013
A Delaware bankruptcy judge on Tuesday gave Landauer-Metropolitan Inc. the green light to tap cash collateral, allowing the medical equipment supplier to fund an anticipated short stay in Chapter 11 on its way to a $22 million going-concern sale.