Elizabeth Warren and two other Democratic senators are urging the Justice Department to seek the appointment of an independent fiduciary to take over the bankruptcy of the largest private for-profit hospital operator in the US.
The US Trustee’s office, the Justice Department division that oversees bankruptcies, should ask the US Bankruptcy Court for the Southern District of Texas to appoint a trustee to administer Steward Health Care System LLC’s estate through the bankruptcy, said Warren (Mass.), and Sens. Edward Markey (Mass.) and Sherrod Brown (Ohio), the chairman of the Senate banking committee.
“Leaving current management in control of both the ...
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