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In a bankruptcy court filing, the retailer’s lenders said they are seeking to reorganize assets into a new company that can invest in new retail operating businesses.
A U.S. District Judge said the government’s seizure of all mortgage companies’ profits in January 2013 to recapture taxpayer-funded bailout money might have constituted a breach of faith.
The complaint by the firm’s former president of the valuation and advisory practice group for the Americas Nicole Urquhart-Bradley bears some similarities to a lawsuit previously filed by Maria Sicola.