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Aug. 16, 2022, 4:28 PM; Up to date: Aug. 16, 2022, 5:42 PM
Elliott Funding Administration associates sued
The lawsuit targets Santander associates and board members of the mortgage unit, Santander Shopper US Holdings Inc. It accuses them of forcing via a squeeze-out transaction to seize extra capital reserves reflecting systemic adjustments to the worldwide financial system and the auto mortgage financing sector.
Though “enterprise was booming,” Santander insiders had been allegedly the one ones who knew precisely how overcapitalized its auto …
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