Pillowtex probe OK’d
April 22, 2005,
WILMINGTON, Del.—A federal bankruptcy court judge this morning authorized an investigation into now-defunct Pillowtex Corp.’s management and financial dealings, including the actions of former CEO David Perdue and a dozen current and former executives and directors.
It will also seek to determine if Perdue had any conflicts of interest during his eight-month tenure as CEO, including whether he negotiated and received extra bonuses and perks at the same time he was negotiating for the CEO position at Dollar General.
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