Venable Gets $1.6B Conspiracy Suit Sent To Fed. Court

Law360, New York (April 20, 2011, 8:38 PM EDT) -- Venable LLP and Marshall & Ilsley Trust Co. on Tuesday succeeded in transferring from Maryland state court to federal court a putative class action alleging they owe $1.6 billion for conspiring to force screen printer Transcolor Corp. into bankruptcy.

The complaint, initially filed March 11 by shell company VR Holdings Inc. in Maryland state court, seeks damages on behalf of 2,000 noteholders of Alleco Inc. and Transcolor, who were allegedly harmed when M&I, a bank represented by Venable, wrongly sued Transcolor and its parent company. The...
To view the full article, register now.




Case Information

Case Title

VR Holdings, Inc. v. Marshall & Ilsley Trust Company et al

Case Number




Nature of Suit

Fraud or Truth-In-Lending


Richard D Bennett

Date Filed

April 19, 2011

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.