US Trustee Challenges Navillus' Ch. 11 Equity Auction

By Ryan Boysen ( June 19, 2018, 9:05 PM EDT) -- The federal bankruptcy watchdog on Tuesday blasted construction heavyweight Navillus Tile Inc. 's plan to auction off its equity with a $500,000 opening bid, saying the proposed bidding procedures give too much protection to the stalking horse bidder who is also Navillus' CEO. . . .

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