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Article: Deutsche Bank Files vs. Taylor Bean - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- August 28, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Deutsche Bank Files vs. Taylor Bean - Analyst Blog
Deutsche Bank Securities Inc., the New York unit of Germany's
Deutsche Bank AG
(
DB
), has a $42 million unsecured claim against mortgage lender Taylor, Bean & Whitaker Mortgage Corp. Taylor Bean filed for Chapter 11 bankruptcy protection on August 24 as it was forced to shut its mortgage lending operations on August 5.
The filing in the U.S. Bankruptcy Court listed the claim as disputed and ranked it as the largest unsecured claim against Taylor Bean. Taylor Bean said the claim was related to Ocala Funding, an entity set up by Taylor Bean to borrow money for short periods to fund home loans.
The filing also listed a ...