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...Kamensky, who co-chaired an official committee of creditors, offered to buy some of those illiquid shares for 20 cents on the dollar from fellow claimants who wanted immediate cash....
...They were copyholders — owners of plots on the margins of the common, on which they had usually built a big house and garden....
...Chris Hodge, an adviser at the Institute of Directors and former director of corporate governance at the UK’s Financial Reporting Council, said the group’s board was under no obligation to accept the higher...
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