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CULSCzech University of Life Sciences (Prague, Czech Republic)
CULSCredit Union Loan Source, LLC (Georgia)
CULSConvertible Unsecured Loan Stock
CULSCapital University Law School (Columbus, Ohio)
CULSCollege and University Library Section (various locations)
CULSCambridge University Law Society (Cambridge, England, UK)
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References in periodicals archive ?
The court found there was no validity to the Ponzi scheme or the other allegations made by the guarantors and made it clear in its ruling that CULS had met all of its obligations under the loan agreement, according to TCU.
At the time of the ruling, Ted Daniel of Fulbright & Jaworski LLP, counsel to CULS and TCU, said the guarantors' allegations were nothing more than a desperate attempt to avoid honoring their obligations to CULS.
When asked how likely it is CULS would be able to recover the $40 million from real estate investors, Morganfield said, "We intend to aggressively pursue our remedies under the ruling but cannot predict the outcome at this time." The next step is for the bankruptcy court to enter a final judgment against the guarantors, which should happen sometime the week of Feb.
According to Realty America, CULS failed to fund the loan on May 18, 2007, the scheduled closing date.