The top executives and board members of shuttered dental alignment brand SmileDirectClub Inc. enriched themselves and attempted to hide serious health risks as the company collapsed, the trustee overseeing its liquidation said in a lawsuit.
SmileDirectClub founders Jordan Katzman and Alexander Fenkell, and CEO David Katzman—Jordan Katzman’s father—paid themselves millions of dollars in bonuses and company stock prior to its September 2023 bankruptcy filing, Allison D. Byman, the Chapter 7 trustee in charge of winding down the company, said in an adversary complaint filed Oct. 10 in the US Bankruptcy Court for the Southern District of Texas.
The company’s ...
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