Legacy Pharmaceuticals Successfully Defends $38 Million Lawsuit

NexBank SSB v. Legacy Pharmaceuticals International GmbH
  • Northern District, TX

Successfully represented Legacy Pharmaceuticals International in a lawsuit by NexBank in which the bank alleged that our client breached the parties' credit agreement by failing to apply certain proceeds to repay term loans, failing to submit a financial plan no later than 15 days prior to the beginning of the fiscal year and failed to pay default interest. Plaintiffs claimed that Legacy owed more than $38 million.