Legal Battle Erupts: $345 Million Dividend Dispute Involving Private Equity Firm Cornell
7 months ago
A significant legal confrontation is underway as private equity firm Cornell Capital faces a lawsuit centered around a $345 million dividend involving Instant Brands, the manufacturer behind popular kitchen appliances like Instant Pot. The lawsuit was filed by a group of investors who allege that the distribution of dividends was not only unwarranted but also detrimental to the financial health of Instant Brands.
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