Trustee Will Oversee Bankrupt, Unbuilt Texas Cancer Center

Law360, Dallas (April 25, 2016, 9:08 PM EDT) -- A Texas bankruptcy judge on Friday appointed a Chapter 11 trustee to oversee a planned Dallas cancer treatment facility after billionaire Kelcy Warren alleged his $20 million investment had been diverted to two other facilities owned by the same parent company.

U.S. Bankruptcy Judge Stacey Jernigan signed off on the appointment of a trustee for Dallas Proton Treatment Holdings LLC and Dallas Proton Treatment Center LLC’s Ch. 11 cases after Warren, an energy tycoon, alleged the debtors had not acted to recoup purported loans made by the centers to related entities. Warren and his Dallas Proton LLC in March alleged the...

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