Lawsuit Over $42M In Loans Could Kill $889M Greek Deal

American billionaire John P. Calamos Sr. has hit a Dutch investment shop he reportedly co-founded with an Illinois state court suit seeking “immediate repayment” of $42 million in loans, potentially upending an $889 million deal between the onetime partners to purchase a Greek insurance company.

In a complaint filed Wednesday, Calamos and fellow investor John S. Koudounis say EXIN Financial Services Holdings blew a Dec. 31 deadline for repayment while refusing to turn over accounting statements and other information about how the loans were being spent....

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