lender processing services
(LPS:New York)
As of 8:04 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).































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Prommis%20Holdings%2C%20LLC%2C%20along%20with%20its%20affiliates%2C%20filed%20a%20voluntary%20petition%20for%20reorganization%20under%20Chapter%2011%20in%20the%20US%20Bankruptcy%20Court%20for%20the%20District%20of%20Delaware%20on%20March%2018%2C%202013.%20The%20company%20listed%20assets%20in%20the%20range%20of%20%2410%20million%20to%20%2450%20million%20and%20liabilities%20between%20%2450%20million%20to%20%24100%20million.%20The%20main%20unsecured%20creditors%20included%20Morris%2C%20Manning%20%26%20Martin%2C%20LLP%2C%20Johnson%20%26%20Freedman%2C%20LLC%2C%20Pite%20Duncan%2C%20LLP%2C%20Lender%20Processing%20Services%2C%20Inc.%2C%20United%20HealthCare%20of%20Georgia%2C%20Inc.%2C%20Locke%20Lord%20Bissell%20%26%20Liddell%20LLP%2C%20Bingham%20McCutchen%20LLP%2C%20Sharp%20Health%20Plan%2C%20Bendun%20Abstract%2C%20Inc%2C%20and%20Smoothstone%20IP%20Communications%2C%20Inc.%20The%20debtor%20retained%20Christopher%20Marcus%2C%20PC%2C%20Matthew%20F.%20Dexter%20and%20David%20S.%20Meyer%20of%20Kirkland%20%26%20Ellis%20LLP%20%26%20Thomas%20M.%20Horan%2C%20Ericka%20Fredricks%20Johnson%20%26%20Steven%20K.%20Kortanek%20of%20Womble%20Carlyle%20Sandridge%20%26%20Rice%2C%20LLP%20as%20legal%20advisors%2C%20Huron%20Consulting%20Services%2C%20LLC%20as%20financial%20advisors%20%26%20Donlin%2C%20Recano%20%26%20Company%2C%20Inc.%20as%20administrative%20agent%20for%20a%20retainer%20of%20%2415%2C000%20%26%20an%20hourly%20fee%20of%20%24175.%20The%20official%20committee%20of%20unsecured%20creditors%20retained%20Katharine%20G.%20Craner%2C%20Sarah%20M.%20Gryll%2C%20Mark%20S.%20Indelicato%20%26%20Mark%20T.%20Power%20of%20Hahn%20%26%20Hessen%20LLP%20%26%20Mark%20Minuti%20of%20Saul%20Ewing%20LLP%20as%20its%20legal%20advisors.%20%0D%0A%0D%0AThe%20US%20Bankruptcy%20Court%20granted%20an%20order%20for%20the%20joint%20administration%20of%20the%20Chapter%2011%20bankruptcy%20cases%20of%20Prommis%20Holdings%2C%20LLC%20and%20its%20affiliates%20on%20March%2019%2C%202013.%20The%20affiliates%20include%20Prommis%20Solutions%2C%20LLC%2C%20E-Default%20Services%20LLC%2C%20Statewide%20Tax%20and%20Title%20Services%20LLC%2C%20Statewide%20Publishing%20Services%20LLC%2C%20Nationwide%20Trustee%20Services%2C%20Inc.%2C%20Interface%2C%20Inc.%2C%20and%20Prommis%20Homeownership%20Solutions%2C%20Inc.%20The%20cases%20would%20be%20jointly%20administered%20for%20administrative%20and%20procedural%20purposes.%20Prommis%20Holdings%2C%20LLC%20has%20been%20designated%20as%20the%20lead%20debtor.%20Prommis%20Holdings%2C%20LLC%20filed%20a%20motion%20for%20the%20sale%20of%20certain%20assets%20on%20April%2010%2C%202013.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20certain%20assets%20to%20McCalla%20Raymer%2C%20LLC%2C%20the%20stalking%20horse%20bidder%2C%20for%20a%20purchase%20price%20of%20%248%20million%20in%20cash%20pursuant%20to%20the%20asset%20purchase%20agreement.%20Hunton%20%26%20Williams%20LLP%20represented%20the%20buyer%20as%20its%20legal%20advisor.%20Prommis%20Holdings%2C%20LLC%20filed%20a%20motion%20for%20the%20sale%20of%20certain%20assets%20on%20April%2017%2C%202013.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20certain%20assets%20Johnson%20%26%20Freedman%2C%20LLC%2C%20the%20stalking%20horse%20bidder%2C%20for%20a%20purchase%20price%20of%20%244%20million%20in%20cash%20pursuant%20to%20the%20asset%20purchase%20agreement.%20Prommis%20Holdings%2C%20LLC%20filed%20a%20motion%20for%20the%20sale%20of%20certain%20assets%20on%20April%2019%2C%202013.%20The%20debtor%20seeks%20the%20Court%u2019s%20approval%20for%20the%20sale%20of%20certain%20assets%20Duncan%2C%20LLP%2C%20the%20stalking%20horse%20bidder%2C%20for%20a%20purchase%20price%20of%20%243.75%20million%20in%20cash%20pursuant%20to%20the%20asset%20purchase%20agreement.%20
The%20Board%20of%20Directors%20of%20Lender%20Processing%20Services%2C%20Inc.%20%28NYSE%3ALPS%29%20authorized%20a%20share%20repurchase%20program%20on%20February%207%2C%202013.%20Under%20the%20program%2C%20Lender%20Processing%20Services%20will%20repurchase%20up%20to%20%24100%20million%20worth%20of%20its%20common%20stock.%20The%20plan%20reflects%20company%27s%20confidence%20in%20the%20future%20of%20LPS%27%20business%20and%20its%20commitment%20to%20delivering%20value%20and%20returning%20cash%20to%20its%20shareholders%20over%20the%20long%20term.%20The%20plan%20will%20expire%20on%20June%2030%2C%202014.
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