E. Oliver Exec Can't Shake $37.5M Judgment In Guaranty Suit

Law360, New York (June 26, 2012, 5:30 PM EDT) -- A New York state judge on Friday upheld her order putting the founder of E. Oliver Capital Group LLC on the hook for $37.5 million over a loan he made to a fund affiliated with private equity firm Cartesian Capital Group LLC.

New York Supreme Court Judge Shirley Werner Kornreich refused to vacate or modify an August 2011 order, rejecting the arguments of E. Oliver founder Gilbert R. Armenta and his company that he had not been properly served a summons through registered or certified mail....
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