Court Enters Order Scheduling Evidentiary Hearing on Contested Matters between Debtor, Grey Mountain, and First Commonwealth Bank

On October 7, 2013, the Debtor and Grey Mountain Partners Fund II, L.P. (“GMP”) filed a Joint Motion to Expedite Hearing on Emergency Motion for an Order Compelling First Commonwealth Bank to Comply with Sale Order.  A dispute has arisen out of the prior sale of substantially all of the Debtor’s non-real estate assets regarding the allocation of certain monetary obligations primarily incurred after the entry of the Sale Order and prior to the closing of the sale.  An expedited hearing was held on October 22, after which the Court entered an Order scheduling an evidentiary hearing for November 22 in Courtroom D, 54^th Floor, U.S. Steel Tower, 600 Grant Street, Pittsburgh, PA 15219.  The scheduling Order also sets forth various deadlines for discovery and pre-trial pleadings/exhibits to be submitted in advance of the hearing.