Bankruptcy
Apr. 8, 2016
International bankruptcy dispute over purchasing business assets "free and clear of all interests" ends in favor of LA-based firm
An affiliate of global private equity firm The Gores Group was awarded $11 million in arbitration over its right to collect invoices on assets purchased out of bankruptcy.
Daily Journal Staff Writer
An international bankruptcy dispute over which rights come with purchasing business assets "free and clear of all interests" ended in favor of a Los Angeles-based global private equity firm, which bought a defunct telecommunications company out of Chapter 7 proceedings and can now retrieve $11 million in outstanding invoices and interest owed to the business overseas.
<...For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In