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Judge expected to OK Freedom Industries property sale, unless there's better bid by Friday
Reported by: Associated Press
Wednesday, May 14, 2014 8:18 AM EDT
A bankruptcy judge is expected to approve Freedom Industries' request to sell its Poca Blending facility unless a better bid is submitted by Friday afternoon.
Media outlets report that Pearson made the findings during a preliminary hearing Tuesday on Freedom's motion to sell the property to Lexycon. But the judge delayed approval of the sale until 1 p.m. Friday to allow time for anyone to offer a higher bid.
Freedom filed for bankruptcy on Jan. 17. On. Jan. 9, a chemical spill from another facility contaminated the water of 300,000 people in nine counties.