Physiotherapy Trust Hits Ex-Owners With $250M Fraud Suit
By Matt Chiappardi ( September 1, 2015, 9:30 PM EDT) -- The litigation trust created by Physiotherapy Holdings Inc.'s Chapter 11 plan launched a lawsuit Tuesday accusing the company's former private equity owners of faking the physical therapy chain's financials in order to sell it in a leveraged buyout while pocketing an extra $250 million and leaving the debtor insolvent....
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