TOUSA Continued: District Court Awards Second Victory to Lenders

 
Client Advisory
March 16, 2011

This Client Advisory discusses a further development in the TOUSA litigation, the District Court's affirmation of the Bankruptcy Court's decision dismissing a fraudulent claim against Citicorp, the lender under a revolving credit agreement. This development should be of interest to clients of the firm in the corporate/finance areas, particularly those who have dealings with distressed borrowers.

View Client Advisory (PDF)