Fund Management Company Files for Chapter 11

A private equity fund management company has reportedly filed for bankruptcy. According to reports, MH Equity Managing Member LLC has reportedly filed for Chapter 11 bankruptcy reorganization. The business reportedly filed bankruptcy in part because it is facing a lawsuit that's seeking $10 million in damages. In the filing, the business listed liabilities between $1 million and $10 million while assets were listed between $10 million and $50 million.

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