Ontario · CCAA
Monitors Motion (Revised Noteholder Noticing Process, Returnable October 29, 2012)
Application / notice of application · 24 October 2012
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Noteholders and other Affected Creditors of Sino-Forest with proven claims would receive their pro rata share of 92.5% of the shares of Newco to be issued upon implementation of the Amended Plan, 100% of new notes to be issued by Newco in the aggregate principal amount of $300 million and a 75% interest in the Litigation Trust. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: Noteholders and other Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Amended Plan does not provide for any recovery for current shareholders in their capacity as such. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: current shareholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All indemnity claims against Sino-Forest in respect of shareholder class action claims against Sino-Forest (including indemnity claims against the Company by auditors, underwriters and directors and officers) would be released and would receive no recovery. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Indemnity Claims against Sino-Forest in respect of Shareholder Class Action Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of unaffected claims will be paid in full. · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: Unaffected Claims · interim final: unstated · claims qualifier: unstated · table missing: