Diamond Bid Deadline and Auction Approach

Bids for the sale of Diamond Glass and its assets are due at noon tomorrow, June 17. (CLICK HERE for related story)

The auction, during which the bids will be opened, will be held this Thursday, June 19, at the offices of Young Conaway Stargatt & Taylor LLP. Once the successful bid and bidder are chosen, the court will review the bid at a hearing on Friday, June 20 and, once approved, Diamond will sell all assets to that bidder, according to court documents.

In other news in the case, filed on April 1 in the U.S. Bankruptcy Court for the District of Delaware, Cozen O'Connor, which represents the Official Committee of Unsecured Creditors, has filed notice of its application for compensation of $125,671,50, and reimbursement of expenses totaling $356.20, for the period of April 10-30. Responses or objections to the application are due on July 4.

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