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Renovate America Files $750K Ch. 11 Deal With Former Officer


Law360
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Renovate America Files $750K Ch. 11 Deal With Former Officer
Law360 (August 3, 2021, 7:12 PM EDT) Bankrupt home improvement project lender Renovate America Inc. submitted a settlement Wednesday to a federal Delaware court that would resolve a dispute with a former executive over $763,000 in unpaid stock redemption obligations he says he is owed.
In its filings, Renovate America said former officer Dean Hollander agreed to accept $10,000 from an escrow account that holds $763,180 set aside to pay a stock redemption installment payment, with the remaining funds reverting to the debtor s estate. In exchange, Hollander will seek to dismiss a California state court action he commenced over the redemption funds and will withdraw his proofs of. ....

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