Revstone Industries LLC is suing its former chairman, George S. Hofmeister, over more than $12.9 million that the company says he transferred away for his personal use, Dow Jones Daily Bankruptcy Review reported today. Through a network of related entities, Hofmeister moved funds from Revstone often to companies that were controlled by trusts set up for his three children, according to allegations in the complaint, filed on Monday in bankruptcy court.
