May 19, 2014

Trustee proposes pennies-on-the-dollar settlement with Myrtle Beach-based Direct Air founder

The trustee in Myrtle Beach-based Direct Air’s bankruptcy case has agreed to drop a racketeering lawsuit against the charter air carrier’s former chief executive officer in exchange for a $10,000 payment -- about 1.5 percent of the total amount she owes, according to court documents.

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