We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fedders, Banks Hit With $150M Misconduct Suit

Law360 (March 31, 2008, 12:00 AM EDT) -- Creditors of bankrupt air-conditioner-maker Fedders North America Inc. on Thursday filed a lawsuit seeking up to $150 million in damages against several of Fedders' officers and outside lenders, who they say dragged Fedders into bankruptcy through various forms of misconduct.

The suit, which the creditors threatened in January, targeted CEO Michael Giordano and several members of his family, as well as the company's directors and four of its outside lenders — Goldman Sachs Credit Partners LP, Bank of America NA, General Electric Capital Corp. and Highland...
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.