Quorum Health OK'd For Fast-Paced $1.3B Ch. 11 Schedule
Law360 (April 9, 2020, 9:01 PM EDT) -- Quorum Health Care Services LLC tentatively secured a 35-day post-disclosure path to confirmation for its more than $1.3 billion Delaware Chapter 11 reorganization Thursday, after a debtor attorney accused an equity investor of raising an "irresponsible" objection to the hospital chain's timetable.
U.S. Bankruptcy Judge Karen B. Owens approved a May 22 confirmation date for the company, which operates 23 rural hospitals, but cautioned that she could reconsider and extend the process if the Office of the U.S. Trustee appoints a committee for equity holders, now facing the loss of their entire investment under the plan.
Also approved on Thursday was...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!