Dundon Ordered to Pay $1 in AAF Football League Bankruptcy Case

Dallas PE Firm Largely Cleared in $180M Alliance of American Football Bankruptcy Case

Western District of Texas Chief U.S. Bankruptcy Judge Craig A. Gargotta issued a 199-page opinion and order Tuesday in a case he’s been presiding over for six years. He wrote that the trustee failed to prove all but one of its claims for relief and awarded just $1 in damages. “Further, there was insufficient evidence to support an award of damages or attorney’s fees in this case,” he wrote. “The result may be viewed as harsh, but it is appropria…

Dundon Ordered to Pay $1 in AAF Football League Bankruptcy Case

It’s probably fitting that a multimillion-dollar litigation involving the once-hyped and later bankrupted Alliance of American Football has ended in a judgment for just $1. In a 199-page, more than 65,000-word order, U.S. Chief Bankruptcy Judge Craig A. Gargotta on Tuesday ruled that Dundon Capital Partners, Carolina Hurricanes owner Tom Dundon and executive John Zutter […]