California Court of Appeal April 16, 2012, No. B230197 (Epitech, Inc. v. Kann)

Opinion

CROSKEY, J.

—As a corporation’s short-term secured debt obligations were soon to come due, it retained a financial advisor to enable it to obtain long-term financing which would, in part, enable it to pay off its short-term creditors. The financing was never obtained, and the corporation ultimately fell into bankruptcy.