E. Oliver Founder On Hook For $45M Loan, NY Court Says

Law360, New York (June 21, 2012, 5:47 PM EDT) -- A New York state appeals court on Tuesday affirmed a lower court's ruling that the founder of private equity firm E. Oliver Capital Group LLC is personally liable for a $45 million loan his firm made to a telecom company.

A five-judge panel of the Appellate Division of New York Supreme Court upheld an October 2010 ruling in favor of Cartesian Capital Group LLC affiliate Poah One Acquisition Holding V Ltd. that found E. Oliver and its founder, Gilbert R. Armenta, were on the hook for...
To view the full article, register now.
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.