Investment Firm Can Sue for Fees, not Conspiracy 
By
Published: April 15, 2011
Tags: Contract, Judge Henry E. Hudson, U.S. District Court - Eastern District
A corporation that hired an investment firm to help it raise cash through securitization of the corporation’s portfolio of municipal assets, but allegedly refused to pay the company’s fee after it made a direct sale of the assets for $400 million, cannot be sued under Virginia’s civil conspiracy statute, but the corporation must defend the ...
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