HPS Investment Fights for Control of Bankrupt DVD Company Redbox

📆 03/07/2024 01.03.00
📰 BNNBloomberg

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Lawyers for HPS Investment Partners LLC said in federal court Tuesday that the former head of bankrupt Redbox Entertainment Inc. can’t be trusted and his handpicked board of directors should be replaced, after the DVD rental company failed to pay workers, fund their health insurance and diverted months worth of payroll taxes.

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