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Prospect News home > News index > List of issuers O > Headlines for Ormet Corp. > News item
Published on 12/20/2004 in the Prospect News Distressed Debt Daily.

MatlinPatterson Global acquires $1.29 million Ormet claim

By Jeff Pines

Washington, Dec. 20 - MatlinPatterson Global Opportunities Partners II acquired a $1.29 million claim against Ormet Corp. from Buckeye Power Inc., according to paperwork filed Friday with the U.S. Bankruptcy Court for the Southern District of Ohio.

Ormet, a Wheeling, W.Va.-based aluminum company, filed for bankruptcy on Jan. 30, 2004. Its Chapter 11 case number is 04-51255.


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