News
Receiver still untangling OPI Pacific's position
Monday 10th of May 2010
In a letter to investors, McCloy said the "complexity of the receivership, the various claims being pursued and the investigations being carried out by the receivers, (made) it extremely difficult to estimate the return to secured debenture holders." The company formerly known as MFS Pacific paid out 22.19 cents in the dollar under the terms of its moratorium arrangement, but was sent to the re...
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