Money Centers CEO Says Ch. 11 Trustee Would Hurt Recovery

Law360, Wilmington (April 22, 2014, 8:40 PM ET) -- Bankrupt casino check-cashing firm Money Centers of America Inc.'s CEO and sole director said Tuesday that allegations of mismanagement from creditors hoping to have a trustee appointed were inaccurate and that the court's assignment of an outside overseer would only squash potential recoveries.

During a second day of being questioned on the witness stand in Delaware bankruptcy court by the corporate commission of the Mille Lacs Band of Ojibwe, the Ho-Chunk Nation and the U.S. Trustee's Office, MCA Chairman and CEO Christopher Wolfington said that if...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Dewey Trial Day 69