Mogul Let RCS Capital 'Bleed,' Trustee Tells Chancery
By Jeff Montgomery ( March 22, 2021, 6:37 PM EDT) -- A bankruptcy trustee for the former RCS Capital Corp. told a Delaware vice chancellor Monday that conflicted interests of a real estate investment trust mogul kept burning through cash to benefit his other businesses while RCS spiraled into a $1.4 billion Chapter 11 in 2016....
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