Cayman hedge fund sues penny stock over $1.4 m ‘unpaid’ loan to publicly-listed firm

By David Marchant

17 years ago

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Keywords

Caledonia Bank & Trust Knockout Holdings Inc. Vicis Capital LLC Vicis Capital Master Fund

A Cayman Islands-based hedge fund is suing a United States-based penny stock for $1.4 million.Vicis Capital Master Fund, a Cayman Islands trust, filed a complaint against Knockout Holdings Inc., a Delaware corporation that develops and markets celebrity-branded cleaning products, at the U. S. District Court for the Northern District of Illinois on July 2, 2007.

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