Rehearing Warranted In Dispute Over Repayment Of Demand Notes, Appellants Say

( October 2, 2024, 12:24 PM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel improperly weighed evidence that should have been considered by a finder of fact when it determined that a district court properly found that demand notes, borrowed by the founder of an investment fund on behalf of other corporate affiliates owned by the investment fund’s founder, were valid and due to the now-bankrupt investment fund, the fund’s founder and corporate affiliates argue in a petition for rehearing en banc....