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Silver Point and the executives involved in the lawsuit were charged with 15 counts of fraudulent transfers related to the WorkflowOne acquisition, according to the Dayton Daily News. Court documents noted the transaction left Standard Register "insolvent, undercapitalized and unable to pay their debts as they came due." The suit seeks unspecified damages from Standard Register's board of directors and some key officers as well as fees and transaction bonuses tied to the acquisition.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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