New MediCor Ch. 11 Plan Factors In Settlements

By Evan Weinberger

Law360, New York (February 26, 2010, 4:56 PM ET) -- Bankrupt breast implant maker MediCor Ltd. has filed an amended liquidation plan that includes millions of dollars in settlements with plaintiffs in a series of securities class actions against the company’s officers and directors and a separate deal with its receiver, as well as an agreement between MediCor’s unsecured creditors and senior lenders.

According to the plan, filed Thursday in the U.S. Bankruptcy Court for the District of Delaware, Carolina Casualty Co., MediCor’s directors and officers insurance provider, and RSUI Indemnity Co., its excess coverage provider,...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles