Cases & Deals

  • Home
  • Practices
  • Hilco Trading obtains partial summary judgment dismissing claims related to $30 million loan

Share

Hilco Trading obtains partial summary judgment dismissing claims related to $30 million loan

October 2016

Client(s) Hilco Trading, LLC

Jones Day represents Hilco Trading, LLC, a Chicago-based financial services company, in litigation brought by Connecticut-based hedge fund The Patriot Group relating to a $30 million loan Patriot made to Hilco Trading's former subsidiary, Hilco Financial LLC, prior to the 2008 recession. In 2011, the court dismissed much of Patriot's complaint. In May 2016, Hilco Trading was granted partial summary judgment on many of Patriot's remaining claims, leaving a single count for common law fraud pending.

The Patriot Group LLC v. 1310 Financial, Case No. 10-L-3914 (Cir. Ct. Cook Cty., Ill.)

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.