Gainey Corp. gets judge's OK to continue trucking

Discussion in 'Superservice' started by Cybergal, Jan 8, 2009.

Jan 8, 2009 #1

Cybergal Road Train Member

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Gainey Corp. gets judge's OK to continue trucking
1/8/09
The Grand Rapids Press - MI

GRAND RAPIDS -- Bankrupt trucking giant Gainey Corp. won a major battle in its quest to reorganize today when a federal judge agreed to allow the company to continue using its cash to fund operations.
The ruling by Judge James Gregg came after what he called a surprising agreement by the company's creditors, who earlier had objected to such a move.
Had the motion to use its cash not been approved, Gainey likely would have been forced to shut down and liquidate.
More >> http://www.mlive.com/news/grand-rapids/index.ssf/2009/01/gainey_corp_gets_judges_ok_to.html
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Cybergal, Jan 8, 2009

Cybergal, Jan 8, 2009

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