| Bank of
China and CLO Qiao Tried To Strong Arm
Borrower Now Case Stayed in SDNY
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 27 – Bank of China, New
York Branch and its Chief
Lending Officer Raymond L.
Qiao pressured borrower Paul
V. Profeta to personally
guarantee an already issued
loan. Litigation
ensued.
On October 27 U.S. District
Court for the Southern
District of New York Judge
Sidney H. Stein held a
proceed. Inner City Press
covered it.
Judge
Stein inquired into the status
of the related New Jersey
litigation.
Then he continued
the stay of this Federal case,
requesting status reports in
January and June 2022, and to
be notified of any material
events.
The case is LVP
Associates L.L.C. et al v.
Bank of China, New York
Branch, 17-cv-5274 (Stein)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2021 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
