Word: mitsui
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Epstein, a visiting professor of business administration, is accused of skipping out on a $1.5 million loan he owed Los Angeles-based Mitsui Manufacturers Bank for two investment companies he ran in Southern California. After the bank tracked him to Harvard and sued in Middlesex court, Epstein agreed to pay Mitsui $13,000 a year, meaning he will pay off the debt by the year...
Epstein, according to bank officials and attorneys familiar with the case, defaulted on a $1.5 million loan he guaranteed from Los Angeles-based Mitsui Manufacturers Bank in 1988. But after a Los Angeles court ruled in 1992 that he was liable for the loan, interest and court costs, Epstein, by then a professor at Yeshiva University in New York City, had left town. The bank says he didn't leave a forwarding address...
...Mitsui Manufacturers Bank came to Harvard to find him. Last month, they filed suit in Middlesex County Superior Court seeking to recover the $2.7 million in damages he owed as part of the Los Angeles suit. Charging that he might flee Massachusetts if he learned about the new suit, the bank filed an ex parte motion which sought to dock his Harvard paycheck...
...didn't know where he was for a couple of years. The court directed him to pay us the money instead of having the University give us the money from his paycheck. They ordered him to pay, and he has been.' Richard Burdge attorney representing Mitsui Manufacturers Bank
...Mitsui Manufacturers official also said yesterday that the bank feared Epstein might try to evade the judgment by moving. In an affidavit filed in March with the Middlesex County court, bank Vice President Karen Willey had said she thought Epstein was likely to leave Massachusetts upon being informed of the lawsuit...