InvestorsHub Logo
Followers 0
Posts 32
Boards Moderated 0
Alias Born 04/08/2014

Re: Vaffan-Coulo post# 11085

Saturday, 08/30/2014 10:29:49 AM

Saturday, August 30, 2014 10:29:49 AM

Post# of 15274
Ownership is 9/10ths of the law?

Sounds like the claim of "frivolous" is that CTT is claiming they can sue for payment but not secure the equipment they have a lien on. You pay for sheet rock through a contractor, he puts it in your house but doesn't pay Lowe's, Lowe's can put a lien on your house, even though you paid for it - it doesn't mean they can get their sheet rock back though.

From what I can tell, judges are likely to side with the lien holder in this case. The lien is very specific and unspoiled and it appears that CTT is not acting in good faith.

Its not a slam dunk, but its not frivolous either.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.