Noi Mahoney
Friday, September 16, 2022
Indiana appeals court moves Celadon case to Delaware
Former Celadon executives that are being sued by TA Dispatch have won a request to have the case moved to Delaware.
Former Celadon executives that are being sued by TA Dispatch have won a request to have the case moved to Delaware.
Celadon Group argues payouts will maximize value during the wind-down of its North American trucking businesses, but the proposal faces resistance from a U.S. federal trustee.
Lawsuit claims Celadon collected and spent $6.2 million in receivables belonging to TA Express LLC, alleges the company admitted it was insolvent weeks prior to filing for bankruptcy protection.