Former EZ Lube Owners Can't Shake Suit Over LBO

Law360, New York (April 6, 2011, 2:17 PM EDT) -- A California federal judge on Monday refused to toss allegations that EZ Lube LLC’s former owners looted the company during a ruinous 2005 leveraged buyout and are required to hand over roughly $30 million they pocketed to unsecured creditors.

Judge David O. Carter of the U.S. District Court for the Central District of California rejected a move by EZ Lube’s former heads Richard Teasta and Michael Dobson for early dismissal of fraud and breach of fiduciary duty claims brought by Invotex Inc., the trustee for the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Invotex Inc v. EZL I Investments Inc et al


Case Number

8:10-cv-01189

Court

California Central

Nature of Suit

Other Statutory Actions

Judge

David O. Carter

Date Filed

August 6, 2010

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.