Ritchie Capital Cos. Sold For $452.5M

Law360, New York (January 17, 2008, 12:00 AM EST) -- Two Irish investment companies established by Ritchie Capital Management LLC persuaded a bankruptcy court to approve their sales for a combined total of $452.5 million, winding down their Chapter 11 cases.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York signed the two companies' asset purchase agreements on Thursday, authorizing their sales.

While noting that there may be more litigation, Lewis Rosenbloom of Dewey & LeBoeuf LLP, which is representing the debtors, said Thursday, “For all intents and purposes,...
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