Denver Post – The two behemoth hedge-fund investors that bailed out Denver’s beleaguered Quiznos in 2012 say they were duped in the deal by the sandwich chain’s owners and executives.
Multibillion-dollar hedge funds Avenue Capital and Fortress Holdings — the largest lenders to Quiznos during several years of financial flailing — argue that father-son owners Richard and Rick Schaden and six of the company’s executives conspired to overvalue the sandwich chain in a 2012 restructuring, according to civil lawsuit filed in U.S. District Court in Denver in late July.
