Obtained approval for a $1.57 million settlement for the Chapter 7 trustee of a pharmaceutical distributor and a pharmacy company against the former officers and directors in US Bankruptcy Court for the District of Delaware. The trustee asserted claims that the debtor entities’ former officers and directors violated the federal Anti-Kickback Statute, breached their fiduciary duties after entering into improvident agreements, and received significant fraudulent conveyances and preferences.
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