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SEPTA v. Orrstown Amended Complaint

SEPTA v. Orrstown Amended Complaint

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Published by Public Opinion
SOUTHEASTERN PENNSYLVANIA
TRANSPORTATION AUTHORITY,
v.
ORRSTOWN FINANCIAL
SERVICES, INC.

amended complaint filed 3/4/2013
SOUTHEASTERN PENNSYLVANIA
TRANSPORTATION AUTHORITY,
v.
ORRSTOWN FINANCIAL
SERVICES, INC.

amended complaint filed 3/4/2013

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Categories:Types, Business/Law
Published by: Public Opinion on Mar 06, 2013
Copyright:Attribution Non-commercial

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03/06/2013

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pilots. Through their various entities, they were involved in commercial real estate

Case 1:12-cv-00993-YK Document 40 Filed 03/04/13 Page 35 of 190

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development projects in Hagerstown, Maryland. They were borrowers of

Orrstown Bank, and Terry Reiber was their initial loan officer. On February 3,

2012, in the United States District Court of Maryland, Orrstown Bank filed a

Complaint for Confession of Judgment and Breach of Contract against each of the

Azadis and their entities alleging that their loans were in default and the Bank was

owed a total amount of $16,379,954.44. The matter is docketed at Orrstown Bank

v. Ares Investment Group, et al., Civil No. 1:12-cv-00345 (D.Md.) (“Azadi

Litigation”). The pleadings in the Azadi Litigation provide verified statements as

to the lending relationship that existed between Orrstown Bank and Ash Azadi,

Morris Azadi and the Azadis' various business entities.6

Further, on August 3,

2012, Ash Azadi was interviewed by Plaintiff’s counsel.

V. RULE 23 CLASS ALLEGATIONS

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