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Leveraged Buyouts Made Less Safe from Fraud Actions in Delaware

In the recent decision in <i>Mervyn's, LLC v. Lubert-Adler Group IV, LLC</i> (<i>In re Mervyn's Holdings LLC</i>), a Delaware bankruptcy court allowed a debtor to proceed with a suit against its former parent, alleging a fraudulent conveyance and breach of fiduciary duty to the debtor and its creditors.

30 minute read May 25, 2010 at 09:33 AM
By
Corinne Ball
Leveraged Buyouts Made Less Safe from Fraud Actions in Delaware

In the recent decision in Mervyn's, LLC v. Lubert-Adler Group IV, LLC (In re Mervyn's Holdings LLC), No. 08-11586, Adv. Proc. No. 08-51402, 2010 Bankr. LEXIS 670 (Bankr.

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