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As part of the agreement Hoffman reached with the bankruptcy court, California Bank and Trust will receive full repayment of the company's debt, while unsecured creditors will receive up to 50 percent of what they're owed. Simpson specializes in corporate representation for such firms as Ernst & Young LLP, CitiGroup and California Bank and Trust. A syndicate of lenders and financial institutions is participating in the facility with Bank of America, including Comerica Bank, California Bank and Trust and Silicon Valley Bank. |
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