Supreme Court Declines To Hear QSI Payout Case

Law360, New York (January 19, 2010, 1:00 PM EST) -- The U.S. Supreme Court has declined to review an appeals court decision that payouts that were made to former shareholders of Quality Stores Inc. as part of a leveraged buyout and that helped tip the company into bankruptcy cannot be recovered, even though it was a private company.

On Tuesday, the Supreme Court denied certiorari to a case QSI Holdings Inc. appealed from the U.S. Court of Appeals for the Sixth Circuit after that court declined to recover the payouts, which were made as part of...
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