Third Circuit Turnover Provision Ruling A Reminder For Creditors
The Court of Appeals for the Third Circuit ruled in CoFund II LLC v. Hitachi Capital America Corp. that junior creditor breached intercreditor agreement turnover provision when applying senior creditor collateral to satisfy their claims before senior creditor claims paid.
United States New Jersey Highland Park Alexis Narotzky Amerinational Cmty Hitachi Capital America Corporation
Source: natlawreview.com