5th Circuit Affirms District Court, Finds Fraud Not Shown In Asset Purchase Agreement

NEW ORLEANS - A panel of the Fifth Circuit U.S. Court of Appeals on Oct. 2 affirmed the dismissal of a fraud lawsuit brought by a company against a lender related to the company's attempt to purchase the assets of a separate entity that had filed for bankruptcy on grounds that fraud was not shown (Scott Meyers v. Textron Financial Incorporated and Rocky Mountain Choppers LLC v. Textron Financial Corporation, No. 13-10023, Chapter 11, 5th Cir.; 2013 U.S. App. LEXIS 20175).

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