Phantom Regiment faces $367K lawsuit

Filed under: News — rlrr @ December 23, 2005 - 7:34 pm

(www.rrstar.com)

ROCKFORD — The Phantom Regiment Drum and Bugle Corps is being sued for defaulting on a $450,000 bank loan.

The suit, filed Dec. 16, lists Rescomm Holdings No. 2 LLC, as the plaintiff.

According to the suit, the Rockford-based Phantom Regiment took out a $450,000 loan on March 7, 2000, but has failed to maintain payments. Rescomm is trying to collect on an outstanding balance of $367,563.67.

(more…)


No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>