This is a public record generated listing.

Claims for Sale

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Claims for Sale



Price: $2,375,000.00


Other Item Info
Item #: nywbke_297851
Created: 08/12/2020
Category: Business Property > Financial > Claim
Sale Date: Wed. Sep 23, 2020
Seller Info
Camille W. Hill
Debtor's Attorney
One Lincoln Center
Syracuse, NY 13202-1355
(315) 218-8000
Bankruptcy Info
Case #: 2:20-bk-20230
Case Title: Rochester Drug Cooperative, Inc.
Court: New York Western Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of the Seller Claims (which is expressly incorporated herein by reference) and all legal and equitable rights and obligations related thereto, whether now existing or arising in the future, including but not limited to benefits arising from and/or relating to the Seller Claims and the injuries alleged therein, and any rights to monetary recovery associated therewith (including all service award payments), or the benefits that may be monetized from settlements, judgements, or any other form of resolution of the litigation or claims or the operative facts alleged therein, all as further set forth herein. The seller is currently the named plaintiff or a plaintiff class member in nineteen pending class action antitrust lawsuits brought against pharmaceutical manufacturers (collectively, the “Antitrust Claims”). Three of the Antitrust Claims have been settled and are awaiting distribution to the plaintiff class (the “Settled Claims”), and more described as below:

  • In re LoEstrin 24 Fe Antitrust Litigation, Case No. 13-2472 (D. R.I.);
  • In re Namenda Direct Purchaser Antitrust Litigation, Case No. 15-07488 (S.D.N.Y.); and
  • In re Restasis (Cyclosporine Ophthalmic Emulsion) Antitrust Litigation, Case No. 18-2819 (E.D.N.Y.).

Additional Details

  1. Telephonic Auction shall be held on September 23, 2020 at 10:00 a.m.
  2. Sale Hearing Held on October 2, 2020 at 11:00 a.m.
  3. Bid Amount: A purchase offer exceeding the Purchase Price by $100,000.00 (the Break-Up Fee of $50,000, plus $50,000.00)
  4. Bid Increment: $50,000.00
  5. Bid Deposit: 10% of the proposed higher purchase price
  6. Bid Deadline: September 18, 2020
  7. Last date to respond: September 29, 2020


Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.