February 7, 2018 / 11:48 PM / a year 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

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