Daymark Bankruptcy Alert: Catanzarite Law Announces Investors Represented
ANAHEIM, Calif.--(BUSINESS WIRE)--Nov 29, 2018--Catanzarite has filed multiple lawsuits on behalf of investors including proposed classes of investors (over 14,500 investors) against the above debtors, Todd Mikles (“Mikles”), “Sovereign”, his/its affiliates and others including Northwood Investors, Cottonwood and Western Alliance Bank (Torrey Pines Bank). The cases are filed on behalf of 13,000 GREIT Trust Beneficiaries, 400 members of NNN Capital Fund I, LLC, 1818 Market Street investors, NNN Congress Center investors, 26 apartment tenant in common (“TIC”) investments (1,000 investors) managed by DRMI, which contracts were, as alleged, sold to Cottonwood without notice for $8 million. These cases include claims that Debtors’ assets were transferred, without consideration, to Mikles and Sovereign related companies.
On Friday October 16, 2018 the Judge in the GREIT Trust litigation overruled demurrers/motions to dismiss requiring answers by: (1) the trustees to a breach of fiduciary duty claim, and (2) Mikles affiliates to a fraudulent conveyance claim tracing millions into GCL which in turn owns 1,000 acres of land in San Diego County.
For more information on the bankruptcies, current filings and the multiple investor lawsuits see www.daymarkbankruptcy.com which will include periodic updates.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005206/en/
CONTACT: Catanzarite Law Corporation
Tim J. O’Keefe, Esq.
Telephone: (714) 520-5544
Facsimile: (714) 520-0680
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Catanzarite Law Corporation
Copyright Business Wire 2018.
PUB: 11/29/2018 01:07 PM/DISC: 11/29/2018 01:07 PM