Saturday 21 April 2018
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1 months ago

Judge grants initial motions in Weinstein Co. bankruptcy

DOVER, Del. (AP) --- A Delaware bankruptcy judge on Tuesday issued initial orders allowing the Weinstein Co. to continue paying its bills and working toward a sale of substantially all of its assets. Judge Mary Walrath s rulings include interim approval for the company to borrow up to $25 million to see it through bankruptcy, but only after she expressed concern about the loan terms in the face of a competing financing proposal. After lengthy arguments by attorneys, Union Bank, the Weinstein Co. s major

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