Vice Chancellor Sets Bond At Over $4M In Health Plan Liquidation Proceeding

( November 19, 2024, 9:55 AM EST) -- WILMINGTON, Del. — A Delaware Chancery Court vice chancellor set a bond of $4,498,315 in response to a motion filed by the assignee for the benefits of creditors of Friday Health Plans Inc. (FHP) and Friday Health Plans Management Services Co. Inc. (FHP MSC), seeking that amount in bond which the assignee says “represents the higher value of two sets of appraisals” and cash on hand in the liquidation proceeding of FHP and FHP MSC....

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