Ch. 7 Trustee Sues Ex-Conex Execs Over $246M Buyout
The 2008 buyout was designed to cash out shareholders — led by Conex founder and Chairman John Duplissey and his family — while shifting the risk of the transaction to the company’s creditors and the buyer, Heico Companies LLC, according to an adversary complaint filed in Delaware bankruptcy court.
“The leveraged buyout, tainted...
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