Ziff Davis' Ch. 11 Case Speeds Ahead
Under the plan, senior secured note claims, or Class 4 claims, will receive cash payments, new senior secured notes worth $50 million and 88.8% of the new common stock in the reorganized company.
Class 4 claims make up the largest group of creditors, totaling $242 million according to court filings, which state that the plan will...
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