05.19.2017
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05.19.2017
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General News
John Penn was quoted in “HTC Global to Buy IT Consultant Ciber for $93 Million,” an article in The Wall Street Journal, regarding Ciber Inc. winning court approval to sell its assets to HTC Global Services Inc.
John, a lawyer for Ciber’s unsecured creditors committee, said his client was “pleased with the successful auction,” looks forward to developing a reorganization plan “for a significant distribution to unsecured creditors.” He added that he expects creditors to file additional claims for lease and contract rejections.
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