I guess we now have the PACER Filing that we all want to see, to confirm, along with info that the creditors are being accomodated.
These ALL, are certainly positives that will move this stock up !!!
Dan Scouler, Managing Principal, was appointed Liquidating Trustee of the Asyst Technologies Liquidation Trust pursuant to a Chapter 11 liquidation plan confirmed on February 3, 2010 in the Northern District of California Bankruptcy Court.
This followed Scouler & Company’s role as the Financial Advisors to the secured lenders in the Chapter 11 case which was filed by Asyst Technologies on April 20, 2009.
This represents continuation of a complex case with coordinated bankruptcy filings in the United States and Japan.
The recovery, estimated to be approximately 80%, significantly exceeds the initial expectations of the secured lenders.
Our role as Liquidating Trustee includes negotiations with the Japanese Trustee, pursuit of avoidance actions and winding down various affiliates.
Filing Date # Docket Text 10/22/2010 637 Report: ASYST LIQUIDATION TRUST TRUSTEE REPORT FOR THE PERIOD JULY 1, 2010 THROUGH SEPTEMBER 30, 2010 Filed by Other Prof. Scouler & Company (Attachments: # 1 Certificate of Service) (Danker, Ashleigh) (Entered: 10/22/2010)
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