Word: recapped
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...because its future (apart from its minority interest in some of CORP.'S junior bonds) depends on what it can get out of suing CORP. Objective of the suit: back in 1933, Hoppy had tried to escape the day of reckoning by inventing a so-called "Recap Plan" which stripped Co. of most of its assets, hid them in CORP. Now it is up to Co.'s trustee to void the Recap Plan, recover any assets that may be left after CORP.'S water has been squeezed...