TransCare Trustee's Claims Against Tilton Going To Trial
Law360, New York (March 28, 2019, 6:28 PM EDT) -- A New York bankruptcy judge said Thursday that he would send to trial claims brought by the Chapter 7 trustee of ambulance company TransCare Corp. against distressed-debt maven Lynn Tilton and investment vehicles under her control, saying he has a lot of questions about what happened during the company’s collapse.
U.S. Bankruptcy Judge Stuart M. Bernstein said he would allow TransCare trustee Salvatore LaMonica to try a number of claims against Tilton and her private equity firm, Patriarch Partners LLC, as part of a lawsuit aimed at clawing back more than $10 million for allegedly stripping the ambulance operator of its...
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