A little bright light for victims of Chinese Drywall who own homes that were built by Tousa
Last week, a U.S. bankruptcy judge ruled that Citigroup and other lenders made fraudulent transfers to Tousa when they gave loans to Tousa six months before the Hollywood based home-builder filed for bankruptcy. Basically, the Judge awarded $403 million, plus interest, fees and expenses, and stripped them of a $207 million security interest in a tax refund claim. If this ruling is allowed to stand, then these funds should be available to creditors of Tousa, including, but not limited to, victims of Chinese drywall that have made claims against Tousa. Click on this link to see complete article http://tinyurl.com/yglshpc.



