Adgemis's End Run: A Billionaire's Quest for Secrecy in Bankruptcy Proceedings The $1. 8 billion bankruptcy case of Jon Adgemis, a former hospitality mogul, has raised concerns about transparency in corporate governance.
Adgemis is seeking to block public access to a seven day examination into his financial affairs and have the hearings held in secret, which has sparked questions about accountability among business leaders.
At issue is Adgemis's apparent desire to avoid scrutiny of his financial dealings, which led to the collapse of Public Hospitality Group.