KOL Retained to Investigate and, if Appropriate, Prosecute Certain Claims of Debtor PTMS Liquidating Corp. (f/k/a ProxyMed and MedAvant)
On March 30, 2010, KOL was retained by the Liquidating Trust, created pursuant to the Chapter 11 Plan of Liquidation for the PTMS Liquidating Corp. that was approved by order of the United States Bankruptcy Court for the District of Delaware on July 15, 2009, to represent the Liquidating Trust concerning claims that may exist against General Atlantic LLC and certain of its current or former officers or partners. KOL is investigating potential claims against General Atlantic LLC, which was the largest single shareholder of the Debtor, owning 26.8% of its outstanding common stock, for allegedly taking actions that were contrary to the interest of the Debtor which caused the Debtor to have to file for bankruptcy on July 23, 2008.
