Judge Denies Dismissal Motions Of Suit Brought By Insolvent Insurer’s Trustee
Mealey's (May 11, 2016, 11:17 AM EDT) -- TAMPA, Fla. — A federal bankruptcy judge in Florida on May 6 denied a group of investors’ motions to dismiss a suit brought by the bankruptcy trustee of an insolvent insurer alleging a fraudulent $33.4 million stock transfer (Soneet R. Kapila, as Chapter 11 Trustee of Universal Health Care Group, Inc. v. Warburg Pincus, LLC, et al., No. 8:15-ap-132-KRM, M.D. Fla. Bkcy.; 2016 Bankr. LEXIS 1957).
(Opinion available. Document #10-160527-028Z.)
Universal Health Care Group Inc.’s (UHCG) wholly owned subsidiaries Universal Health Care Inc. and Universal Health...