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Cynergy Lenders Balk At $21M Transfer To Harris

Law360, New York (October 07, 2009) -- A group of lenders to bankrupt credit card processor Cynergy Data LLC has objected to $21 million in cure payments the company is proposing to transfer to Harris Bank NA, claiming the debtor is taking sides between creditors and the bank.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Ableco Finance LLC, A3 Funding LP, Dymas Funding Co. LLC and two funds managed by...

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