"The ugly saga began in 2019 amid a crock-pot craze when millions of home cooks turned to them as an easy way to make hearty, comforting meals."
"Cornell's plan to recoup its money came partly in the form of a $450 million term loan, which the firm forced Instant Brands to take out in April 2021."
"The lawsuit lists about 20 defendants, including Cornell Capital founder Henry Cornell and Robert Wang, inventor of the Instant Pot."
"The upshot is that Cornell 'plundered their portfolio company Instant Brands, leaving it insolvent and unable to repay its creditors,' according to the lawsuit filed by Alan Halperin."
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