Fw: Official Physicians' Committee in Dow Corning Corporation Chapter 11 Case Endorses Dow Corning Joint Plan of Reorganization ~ 7/18/01

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From: " ilena rose " <ilena@...>

Sent: Wednesday, July 18, 2001 9:23 AM

Subject: Official Physicians' Committee in Dow Corning Corporation Chapter

11 Case Endorses Dow Corning Joint Plan of Reorganization ~ 7/18/01

> ~~~ Thank you Kathy Nye for this info ~~~

>

> Official Physicians' Committee in Dow Corning Corporation Chapter 11 Case

> Endorses Dow Corning Joint Plan of Reorganization

>

>

> CLEVELAND--(BUSINESS WIRE)--July 18, 2001--The Official Committee of

Physician

> Creditors in the Dow Corning Corporation chapter 11 case endorses Dow

Corning's

> Joint Plan of Reorganization. In doing so, the Physicians' Committee seeks

to

> bring the Dow Corning reorganization to a reasonable conclusion, ending

six

> years of litigation.

>

> The Official Committee of Physician Creditors was appointed by the

bankruptcy

> court to officially represent and protect the interests of the

approximately

> five thousand physician creditors sued worldwide in connection with the

Dow

> Corning silicon gel-filled breast implants.

>

> H. Schwartz, lead bankruptcy counsel to the Official Physicians'

> Committee and Chairman of the Business Reorganizations Department of the

> Cleveland-based law firm of Benesch, Friedlander, Coplan & Aronoff LLP,

said,

> " The time has certainly come for the Official Physicians' Committee to

join Dow

> Corning and Dow Chemical to seek a conclusion of the Dow Corning

> reorganization. And following numerous, long deliberations, the

Physicians'

> Committee now stands with Dow Corning and Dow Chemical and takes, of

record in

> the United States Court of Appeals for the Sixth Circuit, the position

that the

> Joint Plan sufficiently protects the physician creditors to bring this Dow

> Corning reorganization to a conclusion on the basis of the Joint Plan. "

>

> G. Binford, lead health law counsel to the Official Physicians'

> Committee, said, " The plastic surgeons constituting the Physicians'

Committee

> have been vigilant and actively engaged in assuring that all plastic

surgeons

> affected worldwide are protected in the process of the Dow Corning

> reorganization, consistently noting their concern that the health and well

> being of implant recipients be given priority. The Physicians' Committee

> believes that confirmation of the Joint Plan as affirmed by the district

court

> satisfies the strict criteria established by these prominent plastic

surgeons. "

>

>

> Randall , co-counsel to the Official Physicians' Committee, stated

that

> " Under the circumstances, upholding confirmation of the Joint Plan is in

the

> best interests of the Physician Creditors and all other significant

interested

> parties. "

>

> With more than 120 attorneys in offices in Cleveland and Columbus, the

Benesch,

> Friedlander law firm provides legal counsel in matters pertaining to

business

> reorganization, compensation and benefits, consumer finance, corporate and

> securities, environmental, estate planning and probate, financial

institutions,

> health care, intellectual property, Internet and technology, labor and

> employment, litigation, public law, real estate and tax issues.

>

> CONTACT:

>

> Benesch, Friedlander, Coplan & Aronoff LLP

>

> B. Eiler, 216/363-4419

>

>

>

>