Proposed Pike Nurseries Settlement of Claim Against Private Equity Firm
From the Atlanta Journal-Constitution Read the original story here. Roark Capital Group would pay $3 million to the bankrupt former operator of Pike Nurseries, in a settlement aimed at putting to rest questions about whether Roark drained the company of capital after buying it in 2004. The proposed settlement, filed this week in U.S. Bankruptcy Court in Atlanta, is subject to approval by Pike Nursery Holding’s bankruptcy judge. A hearing is scheduled Oct. 15, and parties to the case could still file objections. The settlement was filed by the trustee in the Chapter 7 case, Marcus A. Watson. If approved, … Read more