Toys R Us creditor trust fails in US claw back effort
Credit: shutterstock/ photocritical
More than three years after retailer Toys R Us’ US bankruptcy plan was approved, a trust representing its creditors has failed in a bid to claw back US$12 million from multinational logistics company UPS – while a Virginia court has held that the trust’s breach of fiduciary duty claims against executives of the retailer are time-barred.
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