Heritage Bondholders Clear Another Settlement Hurdle

Shields, Yvette
February 2005
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p3
Trade Publication
This article reports that a federal court judge this week gave the attorney who represents holders of the now-defunct Heritage Healthcare's $130 million of defaulted bonds authorization to inform bondholders on how to claim their share of a $27.8 million global settlement fund. On Monday, U.S. District Court Judge Dickran Tevrizian in Los Angeles preliminarily approved the global settlement reached with the various defendants in the bondholder lawsuit and granted lawyers' permission to send out the formal Notice and Proof of Claim forms to investors.


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