2024-12-19 23:55:09

Qimonda Creditors Set to Receive Significant Payments

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Qimonda, once a prominent memory chip manufacturer, filed for insolvency in 2009. Insolvency administrator Michael Jaffé has successfully secured 1.2 billion euros for its 2,100 creditors, of which 550 million euros have already been distributed. Recently, creditors are set to receive an additional advance payment of 420 million euros, with further payments in the triple-digit million range anticipated.

Jaffé, who also administers the Wirecard insolvency, has navigated lengthy legal disputes with Infineon, Qimonda's former parent company, which agreed to pay 800 million euros in a settlement. Qimonda's insolvency process is nearing completion, and once outstanding legal matters are resolved, additional payments will be directed to the subsidiary creditors.

This marks a significant step in addressing the financial aftermath of Qimonda's collapse.

gmx
19. Dezember 2024 um 12:40

Qimonda creditors receive another payment of 420 million

Economy
Finance
Qimonda creditors receive a 420 million euro interim payment; further payments in the triple-digit millions will follow; Insolvency administrator Jaffé has been involved in years of legal disputes with Infineon, the former parent company; Jaffé is also the insolvency administrator of the scandal-ridden Wirecard corporation.
Frankfurter Rundschau
19. Dezember 2024 um 12:39

Qimonda creditors receive another payment of 420 million

Economy
Finance
Qimonda, a former memory chip manufacturer, filed for insolvency in 2009. Insolvency administrator Michael Jaffé has secured 1.2 billion euros for the creditors, of which 550 million have already been paid out. Further payments in the triple-digit million range are planned. Jaffé is also the insolvency administrator of the Wirecard scandal company.
tz
19. Dezember 2024 um 12:39

Qimonda creditors receive another payment of 420 million

Economy
Finance
Qimonda, a former memory chip manufacturer, filed for insolvency in 2009. Insolvency administrator Michael Jaffé has secured 1.2 billion euros for the creditors, of which 550 million have been paid out so far. Further payments in the triple-digit million range are to follow. Jaffé is also the insolvency administrator of the Wirecard scandal company.
CW

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