Following a bankruptcy filing by ColorArt, Centene Corporation, one of its customers, has filed a complaint against parent organization JAL Equity and Eran Salu alleging millions of dollars held in escrow accounts for Centene has disappeared.
Eran Salu
In October, Aequum Capital filed a motion for receivership for ColorArt and Las Vegas Color Graphics, which owed the lender more than $26 million, and the receivership was granted. Here, we lay out the details of the case.
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