May 22, 2018
Fraudulent transfer claims against the former controlling shareholders of Physiotherapy Holdings Inc. will be reinstated after a Delaware bankruptcy judge granted a motion for reconsideration Monday from the litigation trust created under the former debtor's Chapter 11 plan.
September 11, 2017
A Chapter 11 litigation trust pursuing former Physiotherapy Holdings Inc.'s controlling shareholders in Delaware for allegedly pocketing $248 million through a crippling, fraudulent sale slammed efforts on Monday to slash bankruptcy court recovery claims.
September 01, 2015
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.
July 15, 2015
A Delaware federal judge ruled Tuesday that Physiotherapy Holdings Inc. should not have been given the green light to continue a software license agreement with Huron Consulting Services LLC after reorganizing in Chapter 11, since the contract was inseparable from others the company chose to forgo.
December 17, 2013
Private equity-owned Physiotherapy Holdings Inc. won approval for its prepackaged reorganization Tuesday, as a Delaware bankruptcy judge blessed a plan that will see the chain of physical therapy centers emerge from Chapter 11 after shedding some $230 million in debt.
November 14, 2013
A Delaware bankruptcy judge on Thursday blessed a slate of first-day motions for private-equity owned Physiotherapy Holdings Inc., positioning the network of physical therapy centers for a quick trip through Chapter 11 with its prepackaged restructuring plan.