The creditor (IEH) with the collusion of management is grossly undervaluing assets (3 separate FDA approved drugs and one pipeline drug) more properly valued at $500M. Management was to have refinanced the $170M debt already but due to gross negligence or complicity with creditor failed to do so.... View More
Firstly, a forum like this is an inadequate place to answer a complex question such as yours.
If you--and other stockholders--are aggrieved then you need to hire your own lawyer to appear on your behalf to address the issues. There is no way to enjoin the progress of a bankruptcy--only to...View More
It's tough to answer your question without more information. Did you have a fee agreement with the lawyer? Were you previously billed by this lawyer? When did the lawyer's services end? When was the Estate closed?
Without answers to these questions, my advice would be to write a...View More
Yes, For example, there can be an advisory director or an honorary director.
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