The latest on the TD International, Steven Fleischmann dispute... A few weeks ago TDI filed an injunction requesting that Fleischmann's bank accounts be frozen - accounts allegedly containing funds siphoned off from TDI company coffers. In an August 4th Memorandum, U.S. District Court Judge Richard Leon slammed the door on the request, concluding with the following:

"TDI's sole argument with respect to irreparable harm is that it holds an 'equitable interest' in the funds it seeks to freeze. (Pl. Mot. at 5-6.) Putting aside TDI's failure to advance ant legal or factual basis to support its claim to any "equitable interest in the funds, it does not establish what irreparable harm will befall it if the Court does not grant the injunction it seeks. Indeed, the mere existence of an equitable interest in the funds is not enough on its own to warrant injunctive relief."

I think that is legalese for "Zing!"

- MDT

Labels: TD International Steven Fleischmann