VC Firm Can't Collect $7.5M From Transvaginal Mesh Suits

Law360, Houston (December 16, 2013, 6:45 PM EST) -- A Texas federal court extended a temporary restraining order Monday preventing a venture capital firm from trying to collect $7.5 million it's allegedly owed under a financing agreement to fund transvaginal mesh litigation being pursued by personal injury attorney F. Kenneth Bailey Jr.

U.S. District Judge Kenneth M. Hoyt signed off on Bighorn Capital Inc. and Bailey's agreed-upon extension of a TRO blocking Bighorn’s collection efforts until March, while the parties attempt to resolve their differences. With this extension, the parties avoided a Monday afternoon hearing...
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