Denver

On Feb. 13, Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware announced three rulings in Coram Healthcare's year-and-a-half-old case, the company said.

First, at the request of the Office of the U.S. Trustee and two note holders, Walrath appointed a Chapter 11 trustee to oversee the company's reorganization process. Next, she denied permission for the Equity Committee to bring a derivative lawsuit against the Coram's chief executive officer, board of directors and a noteholder. Finally, she denied a motion for orders related to Coram's governance.

“We welcome appointment of a Chapter 11 trustee and believe that, short of a consensual settlement between the Equity Committee and note holders, appointment of a trustee is the best way to complete an equitable and timely resolution of this reorganization,” said Daniel Crowley, the company's chairman, president and chief executive officer.

Coram filed for bankruptcy in August 2000 and has maintained patient services, business operations, and debt payments throughout the bankruptcy process, according to a company press release.

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