Trust Background

On November 10, 2015, Millennium Health, LLC and certain of its affiliates ("Millennium" or the “Debtors”) filed Chapter 11 petitions in the Bankruptcy Court for the District of Delaware in order to effectuate a restructuring through a plan of reorganization.  The purposes of the restructuring were to implement (i) a settlement among Millennium, its prepetition lenders, and its equity holders, (ii) a settlement with the United States in connection with various disputes related to, among other things, Medicare overbilling issues, (iii) a recapitalization of Millennium, and (iv) a transfer of 100% of the then-existing equity of Millennium to the prepetition lenders.

On December 14, 2015, the Bankruptcy Court confirmed the Debtors' Amended Prepackaged Joint Plan of Reorganization (the “Plan”), effective on December 18, 2015.  The “Equity Transfer Date” under the Plan was December 21, 2015, the same day the Trusts were established pursuant to the terms of the Plan and the relevant trust agreements.  The relevant trust agreements are the Millennium Corporate Trust Agreement and the Millennium Lender Trust Agreement (in the aggregate called the “Trusts”).

The primary purpose of the Trusts is to liquidate certain assets on behalf of the Trusts’ beneficiaries.  The assets of the Corporate Claim Trust include any and all claims belonging to Millennium or the Administrative Agent under the prepetition credit agreement against third parties that were not “Released Parties” under the Plan.  The assets of the Lender Claim Trust include any and all claims belonging to prepetition lenders who voted in favor of the Plan against third parties that were not “Released Parties” under the Plan.  All prepetition lenders are beneficiaries of the Corporate Claim Trust, but only prepetition lenders who voted in favor of the Plan are beneficiaries of the Lender Claim Trust.

Marc S. Kirschner, Senior Managing Director of Goldin Associates, LLC, has been appointed Trustee of both Trusts.  Goldin Associates is a leading restructuring firm specializing in providing financial advisory and interim management, litigation support, strategic valuation, governance, independent monitoring, and fiduciary services.

Important Trust Information

PLEASE BE ADVISED THAT THIS WEBSITE (THE “WEBSITE”) HAS BEEN ESTABLISHED AND IS BEING INDEPENDENTLY MAINTAINED AND OPERATED BY THE TRUSTEE AND ITS ATTORNEYS, AND IS NOT SANCTIONED BY REORGANIZED MILLENNIUM HEALTH, THE BANKRUPTCY COURT OR ANY OTHER COURT, OR ANY OTHER PARTY.  ALTHOUGH THE TRUSTS HAVE TAKEN ALL REASONABLE EFFORTS TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED ON THIS WEBSITE, IT DOES NOT CONTAIN OR COMPRISE THE OFFICIAL OR COMPLETE RECORDS OF THE BANKRUPTCY COURT OR OF THE TRUSTS.

IN ADDITION, THE TRUSTS DO NOT GUARANTEE OR WARRANT THE ACCURACY, COMPLETENESS, OR TIMELINESS OF THE INFORMATION PROVIDED ON THIS WEBSITE.  THE TRUSTS WILL USE REASONABLE EFFORTS FROM TIME TO TIME TO PLACE UNDER IMPORTANT LITIGATION DOCUMENTS ON THIS WEBSITE ANY COMPLAINTS, ANSWERS, MOTIONS TO DISMISS AND ANY OPPOSITIONS, MOTIONS FOR SUMMARY JUDGMENT AND ANY OPPOSITIONS, AND ANY COURT RULING WITH RESPECT THERETO.  FURTHER INFORMATION WITH RESPECT TO SUCH LITIGATIONS CAN BE FOUND AT PACER.GOV UNDER THE DOCKET NUMBER FOR EACH SUCH LITIGATION DOCUMENT.  NOTWITHSTANDING THE FOREGOING, THE TRUSTS DO NOT UNDERTAKE ANY OBLIGATION TO UPDATE, MODIFY, REVISE OR RE-CATEGORIZE THE INFORMATION PROVIDED ON THIS WEBSITE.

THE TRUSTS SHALL NOT BE LIABLE FOR ANY LOSS OR INJURY ARISING OUT OF OR CAUSED IN WHOLE OR IN PART BY THE ACTS, ERRORS OR OMISSIONS OF ANY PERSON, WHETHER NEGLIGENT OR OTHERWISE, IN PROCURING, COMPILING, COLLECTING, INTERPRETING, REPORTING, COMMUNICATING OR DELIVERING THE INFORMATION CONTAINED ON THIS WEBSITE.

THIS WEBSITE SHOULD NOT BE RELIED UPON AS A SUBSTITUTE FOR FINANCIAL, LEGAL, INVESTMENT OR OTHER PROFESSIONAL ADVICE.  THE TRUSTS CANNOT PROVIDE FINANCIAL, LEGAL, INVESTMENT OR OTHER PROFESSIONAL ADVICE TO ANY PERSON RELATING TO THE TRUSTS. BECAUSE THE FINANCIAL AND LEGAL CONSEQUENCES OF HOLDING AN INTEREST IN THE TRUSTS OR RELATED DISTRIBUTIONS ARE COMPLEX, YOU SHOULD NOT ACT OR RELY ON ANY INFORMATION CONTAINED IN OR REFERENCED BY THIS WEBSITE WITHOUT SEEKING THE ADVICE OF A QUALIFIED PROFESSIONAL.

For information relating to the Debtors' bankruptcy proceedings, please click here.  For information relating to Millennium's business, please click here.

* All capitalized terms not otherwise defined on this Website have the meaning ascribed to them in the Plan or Trust Agreements.

Dates

November
10

Petition Date

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December
18

Chapter 11 Plan Effectiv...

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December
21

Trust Effective Date

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November
10
________

Petition Date

December
18
________

Chapter 11 Plan Effective Date

December
21
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Trust Effective Date