Payza, one of many three events the Zeek Receiver is pursuing over a $13.1 million clawback, has agreed to a consent judgment for the total quantity owed.
The signed consent judgment sees Payza (dba M.H. Pillars) ‘enter right into a remaining Consent Judgment within the quantity of $13,174,015‘.
Payza has represented to the Receiver that ‘they don’t seem to be in a position to pay the total quantity owed to RVG and claimed by the Receiver‘.
Thus the Receiver’s proper to proceed pursuing clawback for a similar quantity towards VictoriaBank, PaymentWorld and Roman Balanko are preserved within the settlement.
If I’m understanding appropriately, Payza is basically transferring its curiosity within the $13.1 million to the Receiver.
Payza thus will get out of the lawsuit (they’ve bought greater issues to fret about), and the Receivership has one much less defendant to have interaction.
On March twenty eighth Decide Mullen accredited the proposed settlement with Payza, the day after it was filed.
Clawback litigation over the seized $13.1 million in considered one of VictoriaBank’s accounts continues.
In associated information Kenneth Bell, the present Zeek Receiver, has nominated Matthew Orso as his alternative.
Bell has been nominated for a District Decide appointment in North Carolina, which is pending a vote for affirmation.