Bankrupt Trident Lays Out Plan To Divvy Up $79M In Cash

Law360, Wilmington (October 16, 2012, 6:41 PM EDT) -- Trident Microsystems Inc. submitted a Chapter 11 plan and disclosure statement Monday designed to distribute the approximately $79 million in cash remaining from the sale of its assets, a liquidation the semiconductor maker says is supported by all major constituencies.

California-based Trident, along with its Cayman Island-registered subsidiary Trident Microsystems (Far East) Ltd., sought protection in Delaware bankruptcy court in January, and since the sale of its business has been trying to put together a liquidation plan to satisfy creditor and equity interests and resolve certain...
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