Minor League Team Owner Ducks Bid To Reopen Lien Case

Law360, New York (August 27, 2015, 8:32 PM EDT) -- A Pennsylvania federal judge on Thursday denied an Eagle Bancorp. Inc. unit's bid to reopen a case against the owner of a defunct minor league baseball team over its failure to return $1.25 million after the company agreed to repay the funds.

The judge had ruled last month that Eaglebank has a security interest in a $1.25 million deposit Virginia Investment Partnership LLC paid to BR Professional Sports Group Inc. as part of its ill-fated bid for BR's stake in the Atlantic City Surf franchise in New Jersey, pushing Eaglebank past rival creditor Robert Van Hoecke. Eaglebank had lent $3.25 million...

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