InvestorsHub Logo
Followers 0
Posts 984
Boards Moderated 0
Alias Born 02/26/2009

Re: None

Friday, 10/01/2010 12:28:00 AM

Friday, October 01, 2010 12:28:00 AM

Post# of 323
News on PAR Claim:

http://www.kccllc.net/documents/1011485/1011485100930000000000004.pdf

Stipulation between the Debtors, Equity Committee and PAR Pharma includes the following provisions:

• The PAR claim will be heard by an arbitration panel;

• The PAR claim will be limited to a max possible recovery of $3.5 million, which is down from the $11.625 million they originally claimed to be entitled to; and

• Unless agreed otherwise, the arbitration hearing must be concluded by January 31, 2011 but the panel’s decision is not required to be rendered by this date.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.