In a recently filed suit, Bain Capital, together with various individuals involved with Bain's purchase and management of KB Toys have been accused by the liquidation trust of KB Toys of taking out excessive amounts of money from the company which then caused it to be unable to pay its creditors, thus causing it to file bankruptcy. Quote: Among the defendants named in the case are a handful of Bain sub-entities and managing directors, including Joshua Bekenstein, Matthew Levin and Robert White in Bain's Boston office, that collectively walked away with over $83 million -- or four times the firm's original investment, according to the suit. The trust is seeking another $31 million in repayments from KB's former CEO Michael Glazer ($18.4 million), Chief Financial Officer Robert Feldman ($4.8 million), and senior vice presidents Salvatore Vasta ($4.6 million) and Thomas Alfonsi ($3.3 million). The creditors group, through its legal filings, said Bain and KB's managers "broke open the piggy bank" to seize nearly all of the company's $55 million in cash, and forced the company to borrow another $67 million "to line the defendants' own pockets." It will be very interesting to watch this case to see whether the underlying cause of action succeeds or not. Here is a link to the article: http://www.bizjournals.com/boston/stories/2006/03/27/story2.html Mike