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DOJ balks at Tepper’s Rock Hill bankruptcy plan; Feds ask judge to block confirmation

Ja Rhule

By Ja Rhule,
in Carolina Panthers

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Ja Rhule Grand Master

Ja Rhule

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DOJ balks at Tepper’s Rock Hill bankruptcy plan; Feds ask judge to block confirmation

Read more at: https://www.heraldonline.com/news/business/article268533397.html#storylink=cpy

The U.S. Department of Justice has asked a federal judge to deny confirmation of a bankruptcy proposal by a David Tepper-owned company connected to the failed Rock Hill, S.C., team headquarters project, court documents show.

The request was made late Tuesday by a bankruptcy court trustee on behalf of the DOJ. A confirmation hearing on the bankruptcy proposal is scheduled for Nov. 16.

“The U.S. Trustee requests that this Court enter an order denying confirmation of the Plan, and granting such other relief that the Court deems just and proper,” the Trustee wrote.

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Mr. Scot Grand Master

Mr. Scot

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2 hours ago, kungfoodude said:

Listen, I wouldn't suggest trying to step out in front of the mob and explain the situation....

I wouldn't claim to know much about land deals or bankruptcy procedures, but I think most people at least raise an eyebrow when they see something about the Department of Justice getting involved 😳

2 hours ago, Cullenator said:

Basic bankruptcy maneuvering.  Nothing to see here

That you, Dr. Lunker? 🤔

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Cullenator Grand Master

Cullenator

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1 hour ago, Mr. Scot said:

I wouldn't claim to know much about land deals or bankruptcy procedures, but I think most people at least raise an eyebrow when they see something about the Department of Justice getting involved 😳

That you, Dr. Lunker? 🤔

NAL here but have a family member with high level access to the middle district of NC bankruptcy court filings and judges. His somewhat informed opinion is that with a bankruptcy this size and with as many people that could be impacted along side that it involves the owner of 1/32 of a legal monopoly that this is business as usual.

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