War Chest Fund Sues Asian Cos. Over $21M Loans

Law360, New York (October 18, 2011, 2:33 PM EDT) -- A fund of private equity firm War Chest Capital targeted two more Asian companies Thursday in New York in its campaign to collect on missed loan payments, suing a pair of manufacturers for $21 million in unpaid credit and threatening to seize stock collateral.

War Chest Capital Multi-Strategy Fund LLC says Hong Kong-based TopKing Manufacture Co. Ltd. and Chinese company Topgood International Ltd. have not made payments on the loans in more than a year. The firm is seeking the principal, plus unpaid interest of 4.5...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

War Chest Capital Multi-Strategy Fund LLC v. Top King Group Limited


Case Number

1:11-cv-07188

Court

New York Southern

Nature of Suit

Negotiable Instrument

Judge

Lewis A. Kaplan

Date Filed

October 13, 2011

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.