Riverstone Estate To Cooperate With Probe

Law360, New York (June 7, 2006, 12:00 AM EDT) -- In a nod to the equity committee, the estate of bankrupt ethernet provider Riverstone Networks Inc. has decided to cooperate with an investigation into the company's top executives in order to speed up the distribution of funds from Riverstone's liquidation.

Riverstone's estate, now known as RNI Wind Down Corp., revealed its intentions earlier this week, while announcing that it intends to file a consensual liquidation later this month that will allow full repayment plus interest to creditors, along with a stockholder payout.

The investigation, set to...
To view the full article, register now.