November 23, 2011
An Ohio federal judge on Wednesday ordered expeditious trials for all but one suit in the Commercial Money Center Inc. equipment lease litigation brought by a group of banks over insurer-issued bonds tied to an alleged Ponzi scheme.
June 02, 2010
A federal judge has given the go-ahead for Royal Indemnity Co. and Safeco Insurance Co. of America to assert fraud defenses in a suit brought by a group of banks over bonds tied to an alleged Ponzi scheme operated by the now-defunct Commercial Money Center Inc.