Grant & Eisenhofer recovered $24.4 million for creditors in fiduciary duty and deepened insolvency litigation following Flag Telecom bankruptcy
Plaintiff(s):
Flag Litigation Trust
Case type / claims:
Breach of fiduciary duty and deepened insolvency claims arising from Flag Telecom’s collapse and subsequent bankruptcy proceedings.
Defendant(s):
Former directors and officers of Flag Telecom
Jurisdiction:
U.S. District Court for the Southern District of New York
Year:
2010
Outcome:
- Settlement of $24.4 million.
