Bankruptcy judge approves $8M settlement in Art Van Furniture case
A lawsuit last year accused the family of the furniture retailer's founder of making more than $105 million in "fraudulent transfers."
Source: detroitnews.com
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A lawsuit last year accused the family of the furniture retailer's founder of making more than $105 million in "fraudulent transfers."
The trustee in the Art Van Furniture bankruptcy case is seeking a portion of the money from the 2017 sale of the company to a private-equity firm.
The space, spanning more than 11,000 square feet, is on the sixth floor of the General Motors building.
With a net worth of around $2 billion, Lee was best known for notching a 334% return from his 1992 purchase of Snapple Beverage
Lee ran Boston-based Thomas H. Lee Partners from 1974 until 2006.