Empire Builders · EB-043

HE GAVE THEM THE BLUEPRINT. THEY MADE HIM SIGN IT AS A CREDITOR. THE EQUITY WENT TO NINETY-SEVEN PERCENT.

In 1997, Titan Comics faced bankruptcy but emerged through a deal structured to favor PlayForm Industries, diluting creditors drastically. The equity distribution gave the toy manufacturer 97% control, leading to an $18 billion valuation. The attorney’s oversight created a surprise that left original creditors with almost nothing.

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