High Voltage stockholders must file for beneficial interests by Dec. 31

By Caroline Salls

Pittsburgh, Nov. 30 - High Voltage Engineering Corp. common stockholders have until Dec. 31 to file for their beneficial interests in the High Voltage Engineering liquidation trust, trustee Stephen S. Gray said in a news release.

Gray said in the release that, under High Voltage's confirmed bankruptcy plan, stockholders who do not respond by the Dec. 31 deadline will cease to be considered an equity holder and their equity interests will be deemed to have been canceled.

These stockholders will not be entitled to any distribution from the liquidating trust.

As beneficiaries, stockholders will receive distributions of available cash after the corporation's liabilities have been satisfied or cash in an amount sufficient to satisfy the liabilities has been reserved.

High Voltage, a New Kensington, Pa., maker of industrial power control and surface analysis products, filed for Chapter 11 on Feb. 8, 2005 and emerged on Aug. 1. Its case number was 05-10787.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.