War Chest Fund Sues Asian Cos. Over $21M Loans

Law360, New York (October 18, 2011, 2:33 PM EDT) -- A fund of private equity firm War Chest Capital targeted two more Asian companies Thursday in New York in its campaign to collect on missed loan payments, suing a pair of manufacturers for $21 million in unpaid credit and threatening to seize stock collateral.

War Chest Capital Multi-Strategy Fund LLC says Hong Kong-based TopKing Manufacture Co. Ltd. and Chinese company Topgood International Ltd. have not made payments on the loans in more than a year. The firm is seeking the principal, plus unpaid interest of 4.5...
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