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| | Moses & Singer LLP - Bankruptcy News |
 | | Thereafter, the stalking horse remained in the auction, despite the Bankruptcy Court's refusal to approve the requested protections, and engaged in a "bidding war" with the other bidder. |
 | | S.D.N.Y. February 15, 1991), the stalking horse, who had a break-up fee and expense reimbursement provision contained in a letter of intent approved by the Bankruptcy Court (prior to the negotiation of a definitive agreement), was later denied the previously approved break-up fee and expense reimbursement. |
 | | Although, the stalking horse did not default, it was unable to close the transaction due to lack of financing and the assets were ultimately sold to another buyer. |
| www.mosessinger.com /news/bankruptcy_news_files/ee.htm (977 words) |
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