Shareholders Committee Will Stay In OCA Bankruptcy
The bank had argued for the dissolution of the committee, claiming that shareholders should not have a major say in the bankruptcy proceedings since they are not likely to recover significant funds.
Secured creditors stand to recover about $103 million, and unsecured creditors have claimed about $6 million. Since OCA is currently only...
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login