But perhaps most valid is TCA's claim they they would need to be "returned to status quo", i.e., IHSI would need to return the $1.5MM to TCA.
TCA makes persuasive citations of previous precedent in this regard: All this legalese boils down to:
"If y'can't make me whole again, y'still owe me the money."
A dismissal of IHSI's claims would not surprise me.
IHSI is toast, one way or another.
On the bright side (if you're a vengeful lot), TCA can't get blood from a stone. TCA may do no better than to receive full claim to Cresent. IHSI would still be left a debt-ridden shell, at the mercy of their toxic debt and ~$2MM IRS liens due.
Like I said, no Cresent, no PAS, no nuthin' but toxic debt and IRS liens.
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