The US Bankruptcy Court approved the modified combined plan of liquidation and disclosure statement of Aradigm Corporation on June 12, 2020 The debtor has filed its modified plan in the Court on June 8 2020. As per the amended plan, administrative claims, DIP claims of $2 million, US trustee fees, professional fee claims of $0.52 million, priority wage and priority tax claims of $0.15 million will be paid full in cash. General unsecured creditor’s claims will be paid through pro rata share of funds from liquidating trust. All equity interests in Aradigm, including all warrants, unexercised options, and issued shares, shall be cancelled and holders of allowed interests shall receive pro rata distributions from funds received by the liquidating trust. The plan will be funded through cash in hand, sale of assets and proceeds from the liquidating trust.