BNY Appeals Fight Over $8M Claim In Hospital Bankruptcy

Law360, New York (August 6, 2012, 9:37 PM EDT) -- BNY Mellon Trust Co., an indenture trustee representing bondholders owed money for a $36 million renovation project at a suburban Philadelphia hospital, asked a federal judge on Friday to overturn a bankruptcy court’s decision shooting down a disputed $8.1 million payment to the creditors.

While a bankruptcy judge ruled in May that it couldn’t determine whether a large number of bondholders supported or had been made aware of the stipulations of the $8.1 million payment included in Lower Bucks Hospital’s bankruptcy release plan, attorneys representing BNY...
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