Robert N.C. Nix Federal Courthouse in Philadelphia, home to U.S. Bankruptcy Court for the Eastern District of Pennsylvania. Credit: Beyond My Ken via Wikimedia Commons Sacks Weston Name Partners Live 'Like Millionaires' Despite Owing $14M to Litigation Funder, Court Documents Allege
Virage Capital asserts that the two partners at the bankrupt Philadelphia firm have been misusing collateral pledged to a 2017 loan that's now in arrears.
September 12, 2023 at 03:48 PM
5 minute read
Andrew Sacks and John Weston, name partners of now bankrupt Sacks Weston LLC, are living "like millionaires" and looking to avoid fulfilling their personal guarantees on $14 million now owed on a loan made by litigation funder Virage Capital, according to the latest filings on the firm's Chapter 11 docket.
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