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Judge Orders Sanctions Against Fertittas In Xyience Case

"A federal bankruptcy judge has ordered sanctions against Fertitta Enterprises for failing to turn over e-mails from its chief financial officer suggesting the firm might have had a hand in the bankruptcy of sport-drink maker Xyience. The Fertittas, Las Vegas gambling tycoons who also own the Ultimate Fighting Championship franchise, are accused by the trustee of bankrupt Xyience of lending the firm $12 million at a time of crisis and then using the loan to strip the company’s assets from its shareholders."
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