Bankruptcy
Sep. 1, 2022
Former ‘hot yoga’ executive settles with bankrupt estate
“As in any complex matter, a settlement that would provide a distribution to creditors is more favorable than a protracted litigation,” said Lovee D. Sarenas of Dinsmore & Shohl LLP, a former attorney for the trustee.
A former CEO of “hot yoga guru” Bikram Choudhury’s institute settled with the bankruptcy trustee in charge of his assets to collect almost half of a $5.4 million claim for wrongful termination, retaliation and breach of contract seven years after she filed her lawsuit, according to court documents.
The deal, to be approved Sept. 22 by U.S. Bankruptcy Judge Deborah J. Saltzman in Santa Barbara, sees Petra Starke Smeltzer, the former chair o...
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