Exclusive: Payless settles creditor dispute over dividends – sources

Jun 20, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Payless ShoeSource Inc settled a dispute with its creditors on Tuesday, after creditors alleged that the company’s private equity owners inappropriately siphoned off $400 million before the U.S. retailer’s bankruptcy, people familiar with the matter said.