22 Dec 2009

Whitebox v. Compucredit: Noteholders v. Shareholders



Cancel the holiday plans if you’re counsel for Compucredit. Plaintiffs’ filed their eighteen-page complaint on Dec. 21 and the hearing on their motion for a temporary restraining order seeking expedited discovery is to be argued before Judge James Rosenbaum (D. Minn.) on December 29.

The causes of action are (1) a claim under the Uniform Fraudulent Transfer Act and (2) under the Georgia Corporate code.

The Minneapolis Star Tribune covers the lawsuit here.

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