1 result for month: 12/2024
Despite Deep Flaws, Hedge Fund Owner’s Case Against Oakland Drags On
On November 21, Judge Joan A. Lloyd, a bankruptcy court judge in Kentucky, issued a decision allowing Insight Terminal Solutions (ITS), a shell company owned by hedge fund operator Jon Brooks, to proceed with its frivolous lawsuit against the City of Oakland. ITS claims losses of more than a billion dollars stemming from the City’s termination of Phil Tagami’s lease in 2018 which effectively terminated ITS's sublease of the same West Oakland site.
The City is now seeking to have the case moved from the specialized Kentucky bankruptcy court to the United States District Court in Kentucky and then transferred to the United States District Court ...