August 18, 2026
The U.S. Securities and Exchange Commission on Tuesday sued the founder of bankrupt subprime auto lender Tricolor Holdings and two of its executives, accusing them of double pledging collateral and misrepresenting the debt pools they were offering to lenders.
August 14, 2026
The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.
July 07, 2026
A Texas bankruptcy judge on Tuesday authorized the Chapter 7 trustee for former subprime auto lender TriColor, which collapsed amid fraud allegations, to retain law firm Reid Collins & Tsai LLP as special litigation counsel.
June 24, 2026
The former chief operating officer of bankrupt subprime auto lender Tricolor Holdings pled guilty Wednesday to charges stemming from what prosecutors have described as a yearslong scheme to defraud the company's lenders and investors.
June 12, 2026
A Texas bankruptcy judge has held a man and his company in contempt of court for improperly acting like an attorney on behalf of creditor and subprime auto lender Tricolor Holdings, saying the man would oscillate between holding himself out as merely a consultant and then acting as a "pseudo-attorney," while bilking clients in the case to the tune of $73,500.
March 23, 2026
A Texas bankruptcy judge approved a stipulation allowing for the $2.45 million sale of the Beverly Hills home of the former CEO of subprime auto lender Tricolor Holdings, even as the founder and the debtor's Chapter 7 trustee remain at odds about where the proceeds should go.
February 17, 2026
A Texas bankruptcy judge warned an Arizona man that he may have been improperly acting as an attorney for dozens of individuals who filed nearly identical pro se motions in the Chapter 7 case of subprime auto lender Tricolor Holdings.
February 12, 2026
A bankrupt watchmaker secured court approval for a sale of some of its assets to a stalking-horse bidder, US Magnesium requested permission to privately sell a turbine, and the one-time CEO of Tricolor Holdings asked a Texas bankruptcy judge to dismiss claims in an adversary suit against him.
February 04, 2026
Former Tricolor Holdings CEO Daniel Chu can tap part of the subprime auto lender's directors and officers insurance to pay for legal expenses incurred defending himself against fraud claims brought by the government and others, a Texas bankruptcy judge ruled Wednesday.
February 02, 2026
A Texas bankruptcy judge declined Monday to decide whether Tricolor Holdings loan servicer Vervent should be paid fees for its work locating thousands of vehicles and other collateral backing the debt, saying she needed more time to consider an objection from a group of noteholders.