RCT FILES $42 MILLION FRAUDULENT TRANSFER ACTION AGAINST SUN CAPITAL
On January 17, 2019, RCT filed a fraudulent transfer action in the U.S. District Court for the Southern District of Florida on behalf of the liquidating trustee for the Limited Stores Company (d/b/a “The Limited”), which operated hundreds of mall-based women’s apparel stores throughout the country. In this action, the trustee seeks to recover $42 million in highly leveraged dividends paid to several affiliates of Sun Capital, a large Florida-based private equity firm.
See complaint here.
Prior results do not guarantee a similar outcome.