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2nd Circ. Says Lynn Tilton Owes $39.2M To TransCare Estate

By Madison Arnold ( August 28, 2023, 7:13 PM EDT) -- The Second Circuit on Monday upheld an award of $39.2 million in damages to the bankruptcy estate of an ambulance business and said its director and indirect owner, Lynn J. Tilton, breached her fiduciary duty when she created a plan to sell the profitable parts of the company to herself before the remainder of the organization filed for Chapter 7 bankruptcy....

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