Opinion
Case No.: 10-25974-WIL.
April 14, 2011
Maria Ellena Chavez-Ruark (Bar No. 23941), Tydings Rosenberg LLP, Baltimore, Maryland, Counsel for Ahn-Gook Pharmaceutical Co., Ltd.
Steven L. Goldberg (Bar No. 28089), McNamee Hosea Jernigan Kim Greenan Greenbelt, MD, Counsel for Correlogic Systems, Inc.
STIPULATION AND CONSENT ORDER ALLOWING CLAIMS OF AHN-GOOK PHARMACEUTICAL CO., LTD.
On March 22, 2011, this Court entered an Order Granting Motion for Approval of Settlement and Compromise [Dkt. No. 126], which approves a settlement agreement between Ahn-Gook Pharmaceutical Co., Ltd. ("AGP") and Correlogic Systems, Inc. ("Correlogic"). Pursuant to the terms of the Court-approved settlement agreement, AGP and Correlogic stipulated and agreed that AGP has (i) an allowed general unsecured claim in the amount of $750,000 in connection with the amount due under a Promissory Note dated October 30, 2009 and (ii) an allowed general unsecured claim in the amount of $22,889.53 in connection with the amount due under the Agreement for Grand Economic Region Leading Industry Development Project (Technological Development) Plan dated December 23, 2009.
Now, therefore, it is hereby
ORDERED, that AGP has an allowed general unsecured claim in the amount of $750,000 in connection with the amount due under a Promissory Note dated October 30, 2009; and it is further
ORDERED, that AGP has an allowed general unsecured claim in the amount of $22,889.53 in connection with the amount due under the Agreement for Grand Economic Region Leading Industry Development Project (Technological Development) Plan dated December 23, 2009.
CONSENT TO FORM AND CONTENT:
Dated: April 6, 2011
Certification Pursuant to Admin. Order 03-02, Ex. A, Sec. V.B.1
I HEREBY CERTIFY that the terms of the copy of the foregoing consent order submitted to the Court are identical to those set forth in the original consent order; and the signatures represented by the /s/ on this copy reference the signatures of consenting parties on the original consent order.