- Suit says former CEO David Brandon and other executives misrepresented bankrupt retailer’s ability to repay creditors after it took on a debtor-in-possession loan
- Directors, including representatives of owners Bain Capital, KKR & Co. and Vornado Realty Trust, didn’t disclose that company had to meet certain milestones to retain financing and wasn’t likely to achieve them, complaint says
- Executives maintained to vendors that company would reorganize and continued to place orders until right before ...
March 12, 2020, 10:40 PM
Toys “R” Us Creditors Sue Directors, Private-Equity Owners (1)