A Delaware bankruptcy court is allowing the liquidation trustee for a soap and hair care product distributor to move forward with a case against former company management and private equity firm Clayton, Dubilier & Rice that alleges noteholders were defrauded out of $250 million.
Delaware Bankruptcy Judge Brendan Linehan Shannon denied dismissal of all 15 counts in the second amended complaint filed by Alan D. Halperin, who is represented by Grant & Eisenhofer and is pursuing the case on behalf of the liquidating estate of High Ridge Brands, a former portfolio company of CD&R.
