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Live News REGULATION ARTICLE M impact

Judge Orders Camp Mystic Family to Cede Bankruptcy Control

A bankruptcy judge ordered Camp Mystic’s founding family to surrender decision-making authority over wrongful-death litigation against them or face a trustee-led takeover.

By Akiko MatsudaCamp Mystic's founding family is expected to lose control over its chapter 11 proceedings after a bankruptcy judge ordered family members to surrender decision-making authority regarding the wrongful-death litigation against them or face a trustee-led takeover.Judge Christopher Lope…