and suing Westernbank for 500 million, plus IYXI is not bankrupt, the offshore subs are.
"In addition to the Chapter 11 protection, on June 29, 2007, Inyx, Inc. and
Inyx USA, together with Dr. Kachkar and his wife, filed suit against
Westernbank in New York State Supreme Court, asserting various causes of
action seeking no less that $500 million in compensatory damages as well as
punitive damages. The complaint charges, among other things, that Westernbank
acted in bad faith and in a commercially unreasonable manner by blocking the
flow of funds from Inyx's customers to the company, and preventing the Inyx
companies from paying their debts. The complaint asserts causes of action for
breach of contract and breach of the implied covenant of good faith and fair
dealing, promissory estoppel, wrongful dishonor of checks, wrongful impairment
of collateral, tortious interference or impairment with prospective business
relations, and third-party beneficiary of contract and tortious interference
with contracts and prospective business relations."
