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Schorsch, Others Sued Over $1.4B RCS Capital Ch. 11

By Jeff Montgomery ( March 9, 2017, 6:28 PM EST) -- A litigation trust formed during RCS Capital Corp.'s $1.4 billion Delaware bankruptcy opened a wide-ranging Chancery Court damages suit Wednesday against the firm's controlling interests, accusing prominent real estate investment trust figure Nicholas S. Schorsch and other individuals and companies of effectively looting RCS and its public investors....

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