Qimonda Richmond, City of Richmond claims settlement OK'd by court

By Lisa Kerner

Charlotte, N.C., Feb. 4 - Qimonda Richmond, LLC's settlement with the City of Richmond was approved, according to a Feb. 4 filing with the U.S. Bankruptcy Court for the District of Delaware.

Under the settlement, the City of Richmond will have an allowed unsecured non-priority claim against Qimonda of $3,149,786 and an allowed unsecured priority claim of $50,000.

Qimonda North America and Qimonda Richmond, U.S. subsidiaries of Munich, Germany-based semiconductor memory products producer Qimonda AG, filed for bankruptcy on Feb. 20, 2009. The Chapter 11 case number is 09-10589.

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