The U.S. Bankruptcy Court approved Cenveo’s settlement agreement among Cenveo and Spicers Paper, Kelly Paper Company and Central National Gottesman.
As previously reported, “The Settling Parties’ Vendor Claim against Cenveo is fixed and is allowed in the amount of $4,687,009 as follows: The General Unsecured Claim. The General Unsecured Claim, which, for the avoidance of doubt is not in addition to the Vendor Claim but is the portion of the Vendor Claim that is considered a general unsecured non-priority claim under the Bankruptcy Code, is fixed and is allowed in the amount of $3,600,601. The 503(b)(9) Claim, which, for the avoidance of doubt, is not in addition to the Vendor Claim but is the portion of the Vendor Claim that is entitled to administrative expense claim status under section 503(b)(9) of the Bankruptcy Code, is fixed and is allowed in the amount of $1,086,408. Cenveo’s A/R Claim against the Settling Parties is fixed and is allowed in the amount of $4,958,609.”
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