An investment fund that served as a creditor to former owners of the Liverpool Football Club avoided being outscored by its opponent last week when an appellate panel found that it properly alleged a $70 million breach of contract claim against the competing lender that provided additional loan financing.
Mill Financial sufficiently alleged that Royal Bank of Scotland breached a 2008 tri-party intercreditor agreement that memorialized the parties’ rights as creditors holding security interests in the English Premier League team, an Appellate Division, First Department, panel held Thursday.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
