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LVNV Funding and other names? Do they have any parent corp.

Date: Mon, 06/16/2008 - 07:33

Submitted by anonymous
on Mon, 06/16/2008 - 07:33

Posts: 202330 Credits: [Donate]

Total Replies: 3


Does LVNV Funding have any parent corporations?
According to RULE 1:21. Corporate Disclosure Statement on Possible Judicial Conflict of Interest.

(a) Who Must File. In civil and criminal cases in the Trial Court and appellate courts, any nongovernmental corporate party to a proceeding must file a statement identifying all its parent corporations and listing any publicly held corporation that owns 10% or more of the party's stock or stating that there is no such corporation. In a criminal case, if an organization is a victim of the alleged criminal activity, the government must file a statement identifying the victim and if the victim is a corporation providing the information required by this paragraph.

The attorney for LVNV Funding said and I quote:

Parent Corporation of Plaintiff:NONE

Publicly held corporation(s) owning 10% or more of Plaintiff's stock: NONE

Did this attorney just lie on this statement?


OK I think I found an answer. Sherman Financial Group is the main company with all the other companies under them. Radian Group Corp owns about 21.8% of Sherman Financial Group and MGIC owns about 24.2% of Sherman Financial Group.

Management owns the remaining 54% of the company.

So does it appear the attorney lied? BBB lists sherman financial group and lvnv funding as the same company along with resurgent capital services.


lrhall41

Submitted by on Mon, 06/16/2008 - 08:42

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