Delfasco Can't Buy Bankrupt Conco Until 2019, 6th Circ. Says

By Kyle Jahner (April 28, 2017, 8:54 PM EDT) -- The Sixth Circuit on Friday rejected an appeal by shareholders of bankrupt military contractor Conco Inc. to allow its main competitor, Delfasco LLC, to purchase the company, affirming the findings of bankruptcy and district courts that the sale would violate a court-confirmed Chapter 11 reorganization plan....

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