©Alex – stock.adobe.com Trustee Can Continue $250M Fraud Case Against Clayton, Dubilier & Rice
A motion to dismiss filed by the private equity firm's Debevoise & Plimpton attorneys argued a liquidation trustee for a soap and hair care product distributor didn't have standing to bring fraud claims and hadn't adequately pled them in the complaint.
March 15, 2024 at 05:09 PM
3 minute read
Bankruptcy
A Delaware bankruptcy court is allowing the liquidation trustee for a soap and hair care product distributor to move forward with a case against former company management and private equity firm Clayton, Dubilier & Rice that alleges noteholders were defrauded out of $250 million.
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