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WHY DOES THIS SITE EXIST?
This site has been created by shareholders of Coram Healthcare, Inc., in response to the company's August, 2000 decision to file Chapter 11 Bankruptcy.
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CROWLEY OUT; EQUITY FILES 2ND LAWSUIT
On March 7, 2003, Judge Mary Walrath rejected Dan Crowley's attempt to stay on as CEO, stating "I do not believe he is honest".
On March 28, 2003, the Equity Committee filed an Adversary Complaint for Equitable Subordination, requesting that the Judge subordinate the claims of the noteholders and put equity interests first in the proceedings. That action, which is linked on the left column, adds some more facts and allegations of conspiracy regarding Mr. Feinberg, Dan Crowley and others which pre-date Mr. Crowley's tenure at Coram. This latest complaint is separate from the RICO claim which equity filed against Crowley, Feinberg and the other Noteholders.
On April 8, 2003, the Dow Jones Newswires issued it's update of the above proceedings. That article is also linked at left. |
Coram Management Rejected Again
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