Graceway Settles Claims With GTCR For $6M

Law360, New York (February 14, 2012, 11:35 PM EST) -- Graceway Pharmaceuticals LLC on Tuesday asked a Delaware bankruptcy court to sign off on a $6 million settlement with private equity firm GTCR Golder Rauner LLC over potential claims from a 2010 tax distribution.

Under the terms of the settlement, GTCR will pay $6 million and release the $9.1 million in potential claims against Graceway, which filed a Chapter 11 plan last month that calls for the liquidation of substantially all of its remaining assets and the resolution of all claims against the company.

“Taking into...
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