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IN RE EXAERIS, INC.

No. 07-10887(KG).

380 B.R. 741 (2008)

In re EXAERIS INC., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

January 15, 2008.

Attorney(s) appearing for the Case

Michael G. Menkowitz, Magdalena Schardt, Fox, Rothschild, O'Brien & Frankel, Philadelphia, PA, Sheldon K. Rennie, Anthony M. Saccullo, Fox Rothschild LLP, Wilmington, DE, for Debtors.

MEMORANDUM OPINION1

KEVIN GROSS, Bankruptcy Judge.

INTRODUCTION

The Debtor, Exaeris, Inc. ("Exaeris" or "Debtor") has filed an expedited motion seeking an order authorizing the sale of substantially all of the assets of Exaeris to Dr. Jack Kachkar ("J. Kachkar") or his designee ("the Sale"), the assumption of designated executory contracts and unexpired leases and the settlement of certain claims...

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