QHC Litigation Trust
On April 7, 2020, Quorum Health Corporation and 134 affiliated debtors (collectively, the “Debtors”) filed petitions in the United States Bankruptcy Court (the “Bankruptcy Court”) for the District of Delaware seeking relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). The Debtors’ cases are jointly administered under Case No. 20-10766. The cases are pending before the Honorable Karen B. Owens.
On June 30, 2020, the Bankruptcy Court confirmed the Debtors’ Joint Prepackaged Chapter 11 Plan of Reorganization (the “Plan”), which became effective on July 7, 2020. The QHC Litigation Trust (the “Trust”) was established pursuant to the Plan that same day.
The primary purpose of the Trust is to prosecute or settle, on behalf of the Trust’s beneficiaries, all claims and causes of action of the Debtors or their bankruptcy estates that have been transferred to the Trust. The claims transferred to the Trust include (a) causes of action arising under or based on sections 542, 543, 544 through 548, 550 or 553 of the Bankruptcy Code, any state law fraudulent transfer, fraudulent conveyance, or voidable transaction law, or any statute limiting or prohibiting transfers to shareholders, (b) causes of action relating to fraudulent transfer, fraudulent conveyance, voidable transaction, illegal dividend, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, alter ego, or unjust enrichment, and (c) causes of action assigned to the Trust by holders of Quorum Health Corporation’s unsecured 11.625% Senior Notes due April 2023, subject to certain limitations and exceptions set forth in the Plan. Daniel H. Golden, President of Elm Street Enterprises LLC, has been appointed Trustee of the Trust.
THIS WEBSITE (THE “WEBSITE”) HAS BEEN ESTABLISHED AND IS BEING INDEPENDENTLY MAINTAINED AND OPERATED BY THE TRUSTEE AND HIS ATTORNEYS, AND IS NOT SANCTIONED BY THE REORGANIZED DEBTORS, THE BANKRUPTCY COURT OR ANY OTHER COURT, OR ANY OTHER PARTY. ALTHOUGH THE TRUST HAS TAKEN ALL REASONABLE EFFORTS TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED ON THIS WEBSITE, THIS WEBSITE DOES NOT CONTAIN OR COMPRISE THE OFFICIAL OR COMPLETE RECORDS OF THE BANKRUPTCY COURT OR OF THE TRUST. THE DESCRIPTIONS ON THIS WEBSITE ARE SUMMARIES OF PROVISIONS OF THE PLAN AND TRUST OR COURT DOCUMENTS, AND ARE QUALIFIED IN THEIR ENTIRETY BY THE PRECISE TERMS OF THE PLAN, TRUST, OR RELATED COURT DOCUMENTS.
THE TRUST DOES NOT GUARANTEE OR WARRANT THE ACCURACY, COMPLETENESS, OR TIMELINESS OF THE INFORMATION PROVIDED ON THIS WEBSITE. THE TRUST 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 TRUST DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE, MODIFY, REVISE OR RE-CATEGORIZE THE INFORMATION PROVIDED ON THIS WEBSITE.
THE TRUST 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 TRUST CANNOT PROVIDE FINANCIAL, LEGAL, INVESTMENT OR OTHER PROFESSIONAL ADVICE TO ANY PERSON RELATING TO THE TRUST. BECAUSE THE FINANCIAL AND LEGAL CONSEQUENCES OF HOLDING AN INTEREST IN THE TRUST 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.
* All capitalized terms not otherwise defined on this Website have the meaning ascribed to them in the Plan or Trust Agreement.