Judge Wary Of More Leeway To Sue Implant Sciences Lenders
By Jeff Montgomery
Law360, Wilmington (March 23, 2017, 5:12 PM EDT) -- A bid by a stockholders committee to expand its limited standing to sue bankrupt Implant Sciences Corp.'s lenders could send ripples well beyond the already-sold explosive detector maker’s case, a Delaware bankruptcy judge said Thursday.
Judge Brendan L. Shannon made the point after hearing arguments Thursday on a motion for reconsideration of his Jan. 30 order allowing the official equity security holders committee to pursue insider trading, usury and related claims against lenders DMRJ Group LLC and Montsant Partners LLC.
sorry, my subscription to Law360 ended for the rest of the story.
