Toys ‘R’ Us Creditors’ Lawsuit Accuses Directors, Private-Equity People Who Own Fraud

Toys ‘R’ Us Creditors’ Lawsuit Accuses Directors, Private-Equity People Who Own Fraud

Toys “R” Us Inc. creditors filed case accusing the defunct retailer’s professionals and private-equity owners of fraudulence and breach of fiduciary trust.

Previous ceo David Brandon along with other directors misrepresented the model seller’s ability to settle creditors after it filed for bankruptcy in 2017 while gathering millions in bonuses and advising charges, in accordance with the problem filed in ny Supreme Court. (mais…)

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