Ch. 7 Trustee Must Explain $200M Holdback Bid, Court Told
By Emily Lever ( December 12, 2024, 8:02 PM EST) -- The owner of two bankrupt real estate companies has asked a Connecticut state court for permission to question the Chapter 7 trustee who wants a $200 million placeholder in connection with a shareholder's derivative claims, arguing the trustee must detail his allegations of the owner diverting millions to other business interests....
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