Today news
About the same in other media
18.10 - 09:45
Morgan Stanley to face Tops Friendly Markets’ creditors in $375m lawsuit
Reading now: 123
fnlondon.comA trustee for Tops Friendly Markets creditors can move forward with a lawsuit against Morgan Stanley and other company backers over dividends paid before the grocery chain filed for chapter 11.
The creditors filed the claims in 2020 against Morgan Stanley Investment Management and other former owners of Tops, alleging the private equity owners paid themselves $375m in dividends while leaving Tops insolvent, unable to cover its debts and pension obligations.
Bankruptcy...
Read more on fnlondon.comAbout this in other media
Flurry Of Funds Bet Big On Bruised Bitcoin's Allure ndtv.com /1 year ago
Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more cnbc.com /1 year ago
Morgan Stanley boss James Gorman: ‘We’re looking at head count’ fnlondon.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
