Despite subsidiaries' sales, Ontario struggles with debt

Schnitzler, Peter
October 2008
Indianapolis Business Journal;10/27/2008, Vol. 29 Issue 34, p10A
The article discusses a court case wherein a plaintiff claims for payment of the debt resulting from the promissory notes issued by the defendant Ontario Corp. Accordingly, the federal court of Indianapolis will determine as to who will pay the debt, considering the changes within the Ontario Corp. and its subsidiaries. The plaintiff won in the summary judgment which obligated Ontario Corp. to settle the debt, but the bank settle it partly only, with a condition.


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