US Trustee Balks At Ch. 11 Bid Protections In First Mode Case

By Clara Geoghegan ( January 10, 2025, 5:54 PM EST) — A package of bid protections for the stalking horse of bankrupt electric-engine developer First Mode needs to be reined in, the Office of the U.S. Trustee has said, urging a Delaware bankruptcy judge to reject the debtor’s request that expenses and fees tied to the $15 million bid be paid as priority claims….

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