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Del. Justices Focus On Terms In $167M Loan Default Appeal

Law360 (June 13, 2018, 11:04 PM EDT) -- An attorney for a global equipment financing firm that was ruled in default on a $167 million loan agreement term last year for allegedly siphoning away $4.6 million in collateral was pulled back repeatedly Wednesday to the original deal terms while arguing for a reversal by the Delaware Supreme Court.

Christopher D. Kercher of Quinn Emanuel Urquhart & Sullivan LLP, counsel to Amur Finance Co. Inc. and an affiliate, argued in part that Vice Chancellor Joseph R. Slights III failed to distinguish between control of equity...
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