U.S. Judge Says Only Heartland May Recoup Some Heritage Losses

Shields, Yvette
July 2004
Bond Buyer;7/8/2004, Vol. 349 Issue 31921, p1
Trade Publication
Reports on the decision of U.S. District Judge Dickran Tevrizian to give Heartland Holdings Inc. the legal right to seek compensation in the now defunct Heritage Healthcare from U.S. Trust Corp. Investment of Heartland in a portion of the bonds sold by Heritage to finance the acquisition and renovation of a hospital and nursing homes in different states; Investor lawsuits related to the Heritage debt; Allegation that the funds were overpriced.


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