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Elevate Textiles controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2014

    Safety Components merger fiduciary-duty lawsuit

    A shareholder lawsuit alleged that Wilbur Ross breached fiduciary duties in structuring the merger involving Safety Components International and International Textile Group. Ross paid $81 million to settle the case in 2014. The settlement was a civil corporate-governance matter and the available reference does not describe a criminal conviction.

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