Duo behind Eagle Hospitality Trust found in contempt of preliminary injunction
Add BT as a preferred source
THE United States Bankruptcy Court for the District of Delaware has found Howard Wu and Taylor Woods to be in contempt of a preliminary injunction, and will convene a hearing on Friday (Nov 19) to consider sanctions - including whether to place the duo in custody.
According to court documents lodged on Monday (Nov 15), Judge Christopher Sontchi said the court is "gravely concerned that monetary sanctions will be insufficient" to compel Woods and Wu to comply with court directives.
Wu and Woods were former directors of Eagle Hospitality Trust (EHT) and co-founders of the trust's sponsor Urban Commons.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Anytime Fitness Asia’s owner said to weigh US$400 million sale
