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Harold's

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2009

    Bankruptcy trustee challenges dividends and shareholder loans

    A bankruptcy trustee sued Harold's directors and officers, alleging that nearly $6 million in dividends had been paid to preferred shareholders while the company was indebted and that loans from preferred shareholders had been made in bad faith or without sufficient consideration of alternatives. The defendants denied the claims, and the dispute was settled out of court for $2 million in 2014.

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