The liquidating trustee for the bankrupt NASA contractor, Masten Space Systems, has filed a lawsuit against the company’s former CEO, Sean Mahoney, in a Delaware bankruptcy court. The trustee, Peter Hurwitz, alleges that Mahoney and other former executives mismanaged the company’s commercial contracts with NASA, resulting in severe financial difficulties and eventual bankruptcy.
Jeffrey Bast of Bast Amron LLP said, “Our client is confident that through these claims, he will be able to recover at least some of the substantial losses suffered by the company’s creditors.”
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