Judge Clears Ambassadors To Settle Whippoorwill Claims
U.S. Bankruptcy Judge Kevin Gross approved the deal, which protects the hedge fund from a lawsuit brought by unsecured creditors in return for $500,000 to cover unpaid professional fees and the release of $400,000 of indemnity claims Whippoorwill held against the debtors.
The official committee of unsecured creditors opposed the settlement, arguing that...
Already a subscriber? Click here to login