UDF Entities + Convicted Felons (Greenlaw, Wissink, and Obert) sued by NexPoint

Posted August 19, 2022

“Specifically, the complaint alleges that Defendants used shareholder money to pay their own personal obligations under a SEC settlement, lied about using shareholder money to satisfy the personal financial obligations of certain of the Defendants under the SEC settlement, improperly spent millions of dollars in shareholder money to fund their criminal defense, paid themselves lucrative management fees on overvalued assets, and tried to hide their actions by blocking audited financials of UDF.”   

Federal Racketeering Case Against UDF, Convicted Felons, and Mehrdad Moayedi To Proceed

Posted June 30, 2022

"[T]he court denies the UDF Defendants’ Motion to Dismiss Plaintiffs’ First Amended Complaint (Doc. 47), and denies Defendant Mehrdad Moayedi’s Motion to Dismiss Plaintiffs’ First Amended Complaint (Doc. 49). The court and its staff have expended numerous hours and scarce judicial resources in ruling on Rule 12(b)(6) motions. The court directs all Defendants not to file any further Rule 12(b)(6) motions."

UDF Drops Frivolous Claims - And Charade of Blaming Kyle Bass and Hayman for UDF’s Ponzi Scheme

Posted May 30, 2022

“Plaintiffs [UDF] sued Defendants [Hayman Capital and Kyle Bass] for business disparagement, tortious interference with contract, tortious interference with business relations and civil conspiracy.  Plaintiffs hereby nonsuit all of Plaintiffs’ claims against Defendants."

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