DEMAND THAT EXIN CEASE AND DESIST USE OF NAMES
NAPERVILLE, Illinois,
Feb. 7, 2018 /PRNewswire/ -- Calamos
Family Partners, Inc. ("CFP"), the private family office of
John P. Calamos, Sr., announced that
Mr. Calamos and John S. Koudounis
filed a legal action today in Cook
County, Illinois against EXIN Financial Services Holdings
B.V., the Dutch holding company of the EXIN Group ("EXIN"), seeking
immediate repayment of more than $41
million in principal, plus interest, owed to them by EXIN
under a series of loan agreements, the full amount of which became
finally due and payable by EXIN under the terms of those agreements
on December 31, 2017 and is now in
default. Today's legal action also asserts, among other
things, that EXIN has repeatedly failed to provide requested
financial statements and other financial, accounting and regulatory
information and records as required by the applicable loan
agreements. In addition, the lawsuit seeks a full accounting
of when and how EXIN used the borrowed funds.
In addition, a formal cease and desist letter is being delivered
to EXIN, instructing EXIN to remove from EXIN's website and all
other public communications any reference to Mr. Calamos, Mr.
Koudounis, or any affiliated entities, and to cease using any of
their names or referring to any of them in connection with any
actions or activities of EXIN.
A CFP representative said, "While we do not ordinarily comment
on private investments, it has become evident to Mr. Calamos and
Mr. Koudounis that their rights as creditors are not being honored,
and they are therefore forced to take this step to enforce those
rights."