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Bankrupt companies Genesis Health Ventures and The Multicare Companies want to take the novel step of emerging from Chapter 11 as one in an estimated $1.5 billion merger, but unsecured creditors of Multicare are seeking to block such a deal. Genesis already owns 43.6 percent of Multicare, and that has led Multicare unsecured creditors to file a lawsuit claiming Genesis has a conflict of interest.
June 07, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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