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Citizens Bank Says Hedge Fund Undercut AeroCision's Ch. 11

By Clara Geoghegan (November 7, 2023, 8:24 PM EST) -- Citizens Bank said the hedge fund owner of bankrupt airplane parts maker AeroCision reneged on its approval of prepackaged Chapter 11 plans, forcing the company to auction and costing Citizens more than $5 million, according to an adversary action filed in Delaware bankruptcy court....

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