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0.000286861732645012 -0.000286861732644808 -0.00422834193918524 -0.00372920252438312 -0.00114744693057944 -0.000286861732644808 -0.00172117039586905 -0.00372920252438312
Stock impact report

Lawsuit alleges R&R Family of Companies continued operating while insolvent [Yahoo! Finance]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
Company Research Source: Yahoo! Finance
A lawsuit filed Jan. 23 in the Circuit Court for the Twentieth Judicial Circuit in Collier County, Florida, by The Huntington National Bank, alleges that R&R and affiliated borrowers were insolvent, deeply in default and lacking sufficient liquidity while continuing to operate through late 2025. The case offers a possible explanation of what was happening behind the scenes while carriers, vendors and factoring companies report unpaid invoices tied to R&R Express, RFX LLC, GT Logistics and related entities. According to the complaint, Huntington and co-lender S&T Bank extended multiple credit facilities to R&R and affiliated borrowers in March 2022 under a Second Amended and Restated Credit and Security Agreement. The facilities included an $85 million revolving credit line and a $3.7 million term loan, secured by substantially all borrower assets. By 2025, however, the lenders allege R&R's financial condition had sharply deteriorated amid the prolonged freight recession. Co Show less Read more
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