The Limited: Limited Stores trustee sues former owner

Two years after The Limited Stores declared bankruptcy, the Chapter 11 trustee for the clothing retailer has sued former owner Sun Capital Partners for $42 million.In the suit, filed in the U.S. District Court for the Southern District of Florida, Limited Stores trustee UMB Bank alleges that private equity firm Sun Capital "gave nothing to acquire the company, walked away with over $42 million in cash, and left the company cash-poor, overleveraged and with a long list of unpaid [...]