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Bankruptcy

Feb. 28, 2013

9th Circuit allows creditors to pursue claims against Guess co-founder

A federal appellate court Wednesday allowed Guess Inc. co-founder Georges Marciano's creditors to pursue claims against the businessman even as he fights a $30 million jury award in a state defamation case.

By Fiona Smith
Daily Journal Staff Writer

A federal appellate court Wednesday weighed in on the fraught bankruptcy proceedings of Guess Inc. co-founder Georges Marciano, allowing creditors to pursue claims against the businessman even as he fights a $30 million jury award in a state defamation case. The 9th U.S. Circuit Court of Appeals affirmed its bankruptcy panel's holding that a group of creditors seeking to collect the $30 million from Marciano properly filed a petition...

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