Bondholders Ask Court to Release Heritage Health Settlement Funds

Shields, Yvette
December 2004
Bond Buyer;12/17/2004, Vol. 350 Issue 32032, p3
Trade Publication
This article reports that Brian Barry, an attorney who represents holders of the now-defunct Heritage Healthcare of America's $1.30 million of defaulted bonds will ask the court in January 2005 for permission to start the process of distributing settlement funds received from various defendants involved in a class lawsuit. The settlement fund currently stands at $24 million, but according to Barry, he remains in negotiation with several defendants. If negotiations fail, the case could go to trial as early as the forthcoming year of 2005.


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