TITLE

Another bid to salvage USA Springs plan emerges

AUTHOR(S)
Sanders, Bob
PUB. DATE
June 2011
SOURCE
New Hampshire Business Review;6/3/2011, Vol. 33 Issue 11, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a plan of USA Springs Inc. to borrow 60 million U.S. dollars raised by Swiss company Malon Group AG in an effort to revive its financially troubled bottling plant in Nottingham and Barrington, New Hampshire in 2011. It states that a total of 2.4 million dollars will be paid by Malon Group AG for the loan's expenses. It also claims that Lower Falls Funding LLC will be sued by USA Springs Inc. for a loan which never materialized.
ACCESSION #
62808060

 

Related Articles

  • New York State Court Enforces "Bad Boy" Guaranty Provisions. CORBI, RICHARD J. // ABI Journal;Dec2012/Jan2013, Vol. 31 Issue 11, p32 

    The article discusses the bad boy guaranty provision in loan agreements in the U.S. It refers to a recent litigation by the New York State Supreme Court that addressed enforceability of a bankruptcy trigger of a bad boy provision. The ruling in the case showed how a bankruptcy filing will affect...

  • FACTS & FIGURES.  // Westchester County Business Journal;12/27/2010, Vol. 46 Issue 52, p29 

    The article provides updates on businesses in 2010 in the U.S. A&J Auto Pars & Sales Inc., Benitos Original Food Service Inc., and Pleasantville Food & Gas Inc. are among the companies which file for bankruptcy. Companies including ACA Quality Building Products LLC, AOL Inc., and CVS Pharmacy...

  • on the record.  // Fairfield County Business Journal;4/2/2012, Vol. 48 Issue 14, p17 

    The article focuses on litigations filed against several people and businesses in Fairfield County, Connecticut. In One petition filed in the U.S. Bankruptcy Court, Brigeport, the filer intends to submit a plan of reorganization to the court. Another bankruptcy litigation was filed by the...

  • Builder Fighting Chapter 11 Plan.  // American Banker;10/12/2011, Vol. 176 Issue 157, p11 

    The article discusses construction firm Meritage Homes Corp.'s objection to a Chapter 11 bankruptcy plan for South Edge LLC which owns a failed housing project because the project's lenders such as JPMorgan Chase & Co. will not be subject to future U.S. legal action.

  • Suits against loan brokers threaten the consumer. Hershman, Dave // American Banker;3/13/1997, Vol. 162 Issue 49, p13 

    Opinion. Expresses concern about the effect of lawsuits against loan brokers on mortgage consumers. Homebuyers' increasing use of mortgage loans; Implications of the growth of the brokerage industry; No-point loans as the subject of most lawsuits.

  • Reciprocal Enforcement of Foreign Judgments (Well, sometimes anyway!). Frieze, Steven A. // Debt Cubed;May/Jun2011, Vol. 26 Issue 3, p16 

    The article discusses the court case Rubin v. Eurofinance SA in which judgments in personam attained from one state can be enforceable in another state in the U.S. upon compliance to certain procedural requirements. The basis of the judgments is pursuant to the Sister State Money Judgments Act....

  • Bankrupt Borders Faces Two Lawsuits, Hires a CFO. TRIBBEY, CHRIS // Home Media Magazine;9/19/2011, Vol. 33 Issue 38, p6 

    The article reports on the two lawsuits facing Borders Group in the U.S. as it faces bankruptcy proceedings.

  • Leave No Stone Unturned. Thorne, Deborah // Business Credit;Apr2010, Vol. 112 Issue 4, p14 

    The article focuses on how creditors' committees should examine whether there are causes of action that may result in proceeds to distribute to unsecured creditors in the U.S. It cites the decision of the Seventh U.S. District Court of Appeals on the case wherein the debtor was a result of a...

  • Rodriguez Clarifies that Bankruptcy Courts Can Certify Class Actions. KELLETT, KAREN L. // ABI Journal;Dec2012/Jan2013, Vol. 31 Issue 11, p20 

    The article discusses the litigation, Rodriguez v. Countrywide Home Loans Inc., where the Fifth Circuit has affirmed the bankruptcy court's certification of a district-wide class of debtors in the Southern District of Texas. The the Fifth Circuit in Wilborn v. Wells Fargo Bank NA ruled that...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics