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Tuesday, January 10, 2012
The detention of two executives of Malom Group AG – and the difficulties of the Swiss company in proving two Brazilian bonds it holds are legitimate – has held up closing on a $60 million loan that would enable bankrupt USA Springs to complete its controversial water bottling plant in […] USA Springs bailout delayed again Wednesday, December 21, 2011
Money to bail out USA Springs still has not arrived, forcing creditors to consider alternatives, including liquidation and foreclosure. Malom Group AG — the bankrupt company’s Swiss financier – was supposed to deposit $7 million on Dec. 9 into the account of USA Springs, which […] |