Ultinon Motion Holding files chapter 11 in Houston with $3.4M cash, 18 months after FBG acquired the Lumileds lighting unit for $238M. Plan creates a litigation trust to pursue claims. elevenflo.com/blog/ultinon-m… #bankruptcy #chapter11
Ultinon Motion Holding: $238M FBG Acquisition Collapses Into Litigation Trust
FBG acquired Ultinon from Lumileds for $238M in 2024. Within 18 months, management transferred tens of millions out; subsidiaries in 4 countries entered insolvency. Plan creates a litigation trust.
From elevenflo.com 1
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