February 7, 2018 / 11:48 PM / a month ago

Noteholders troubled by Woodbridge bankruptcy loan

Noteholders of the Woodbridge Group of Companies, which the Securities and Exchange Commission accused of running a $1 billion Ponzi scheme, signaled on Tuesday they may object if the developer plans to use all of its $100 million of available financing.

The noteholders group said in court papers they have grown frustrated because Woodbridge has not filed a proposed final order for the borrowing or shared a proposed budget and business plan.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2siT6gy

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below