Judge Allows Silicon Graphics To Chop Off Claims

Law360, New York (November 2, 2006, 12:00 AM EST) -- Helping Silicon Graphics Inc. trim surplus claims after its recent emergence from bankruptcy, a federal judge on Wednesday granted the company’s requests that he eliminate invalid claims and reduce excessive ones.

Silicon Graphics first presented the U.S. Bankruptcy Court for the Southern District of New York with its list of unnecessary claims on August 25.

The company said that claimants had filed approximately 700 proofs of claims against Silicon Graphics during its bankruptcy, and that through a comprehensive review, the company had found some that needed...
To view the full article, register now.