But in the case of cookware maker Instant Brands and the private equity firm Cornell Capital, the devices gave rise to a ...
A trustee for Instant Brands’ creditors accused private-equity firm Cornell Capital of looting the bankrupt kitchen-appliance ...
Cornell Capital, the former owner of Instant Brands, was accused of misleading lenders about the company’s performance in ...
In a U.S. Southern District of Texas bankruptcy filing, the Instant Brands trustee accused Cornell Capital of plundering the ...
(Bloomberg) -- Cornell Capital LLC, the former owner of Instant Brands, was accused of misleading lenders about the company’s performance in order to extract a $345 million dividend that helped ...
The company acquired World Kitchen in 2017. Cornell Capital LLC, the former owner of Instant Brands, has been accused of misleading lenders about the company’s performance in order to extract a $345 ...
Instant Brands blames high interest rates and weak demand for its problems. The company, which has more than 2,400 workers, plans to keep operating while it shakes up the business. It comes after ...
Chapter 11 means Instant Brands can continue to trade while it restructures, so in that respect it's business as usual. Instant Pots are still being made, and sold, and refurbished, and repaired.
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A trustee for Instant Brands’ creditors accused private-equity firm Cornell Capital of looting the bankrupt kitchen-appliance maker through a dividend recapitalization, driving it into ...
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