Bankrupt Genesis Healthcare and an unsecured creditors’ committee are contesting debt claims from two companies tied to health-care entrepreneur and Genesis insider Joel Landau, arguing they should be disallowed in the Chapter 11 case.
The companies, WAX Dynasty Partners LLC and MAO 22322 LLC, obtained the claims through sham transactions designed to defraud creditors when Genesis was insolvent, the fallen health-care business said in a complaint filed Tuesday in the US Bankruptcy Court for the Northern District of Texas.
WAX is owned by Landau, the co-founder of private equity firm Pinta Capital Partners, which was an investor in Genesis. Landau ...
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