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Creditors sue Optimum and founder Patrick Drahi over alleged fraudulent transfers

Original: Creditors Sue Optimum, Founder Patrick Drahi Over Alleged Fraudulent Transfers https://www.wsj.com/pro/bankruptcy/credit

Creditors have filed a lawsuit against Optimum and its founder, French telecom billionaire Patrick Drahi, alleging fraudulent transfers, according to the Wall Street Journal. The suit, reported in the context of bankruptcy proceedings, accuses the company and Drahi of moving assets in a way that disadvantaged creditors, who are now seeking to claw back value through the courts.

Why now: The fresh lawsuit against a high-profile billionaire's telecom empire is new legal news circulating in bankruptcy and business circles.

OptimumPatrick DrahiWall Street Journal

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