Corporate Risk Holdings Takes Control of Kroll Following Reorganization
With the completion of the Altegrity restructuring, Corporate Risk Holdings —with new owners and a new board of directors—will take control of Kroll and Kroll Ontrack's parent company.
September 01, 2015 at 12:16 PM
3 minute read
Altegrity has completed financial restructuring and emerged from Chapter 11 protection on Aug. 31. In a statement, Altegrity said it had “substantially reduced” the company's debt following proceedings in the U.S. Bankruptcy Court.
Through the process, Altegrity was able to find new investors for companies it had previously overseen. These companies include, Kroll Ontrack, an e-discovery software and services provider to the legal industry, which stands to benefit from the reorganization.
“Reaching this milestone allows our company to move forward as a stronger and more competitive enterprise,” Mark Williams, president of Kroll Ontrack, told Legaltech News.
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