Real Estate Co. Dodged $2M Judgment: Investment Firm

Law360, New York (December 19, 2011, 3:26 PM EST) -- Investment firm Fulcrum Credit Partners LLC sued Strategic Capital Resources Inc. in Texas federal court Thursday, claiming its owner fraudulently transferred more than $2 million to avoid paying Fulcrum in a contract dispute over claims against a bankrupt homebuilder.

According to Fulcrum, it reached an agreement in February 2010 to buy the claims against Tousa Inc. from Strategic Capital, but the residential real estate company backed out of the deal before the end of the month. Fulcrum responded by suing Strategic Capital for breach of contract,...
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