Healthco International v. Hicks, Muse & Co.

Full Text of Court Cases
May 17, 1996
3843 Dental Equipment and Supplies
339114 Dental Equipment and Supplies Manufacturing
fraudulent transfer

Healthco International v. Hicks, Muse & Co.
195 B.R. 971, 1996 Bankr. LEXIS 553
Federal Court
United States Bankruptcy Court
Valuation Research (solvency opinion)


At issue are the fiduciary obligations of directors and controlling shareholders, breach of contract, negligence, gross negligence and bad faith.

See Also

Trustee Charges Directors, Financial Advisors, Others in Failed LBO

In this action, the Chapter 7 bankruptcy trustee brings the complaint against "65 defendants and the entire class of selling stockholders, virtually anyone who had anything to do with the LBO … defendants are the buyer, financing banks, debenture holders, directors, officers, controlling shareholders, financial advisors, lawyers and accountants."