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Home » Former Tricolor CEO Daniel Chu ‘largely responsible’ for Tricolor fraud, trustee says

Former Tricolor CEO Daniel Chu ‘largely responsible’ for Tricolor fraud, trustee says

Tricolor trustee slams Chu’s attempt to access $15M defense fund and says she will file suit against him in bankruptcy court

Aidan BushbyAidan Bush
December 10, 2025
in Risk Management
Reading Time: 4 mins read
0
Tricolor Auto ABS ratings at risk of downgrade amid bankruptcy 

Former Tricolor Chief Executive Daniel Chu’s motion seeking sole use of Tricolor’s $15 million insurance designed to fund legal defenses for all Tricolor executives was challenged Nov. 9. Chu filed a motion Nov. 24 asking to use up to $15 million in legal defenses, the full amount Tricolor secured from insurers Travelers, CNA and Old […]

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