MedQuist, CBay Settle Spheris Asset Spat

Law360, New York (August 24, 2010, 4:29 PM EDT) -- MedQuist Inc. and CBay Inc. have won court approval of a settlement of their $21 million claim stemming from their $116.3 million acquisition of the assets of bankrupt medical transcription technology company Spheris Inc.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware issued an order approving the deal Monday, saying the deal was in the best interests of Spheris and its creditors.

MedQuist socked Spheris with the $21 million administrative claim after the sale closed April 22, alleging the debtor breached...
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