Legal
Invesco Demands Over $100 Million From Robertshaw in Debt Fight
- Judge ruled in bankruptcy case that Invesco could seek damages
- Move follows unraveling of controversial Incora rescue deal
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Invesco Ltd. demanded over $100 million more from Robertshaw on Monday as part of its ongoing court battle against the bankrupt appliance parts maker, saying the company should be forced to pay for helping strip the asset manager of its senior position in Robertshaw’s reorganization.
In a new claim filed as part of Robertshaw’s bankruptcy, Invesco repeated many of the allegations it made in a trial that ended last month in a partial victory for the lender. Invesco had previously sought about $248 million.