Madison - St. Clair Record

Thursday, September 19, 2019

Ritchie Risk-Linked Opportunities alleges investment fund defaulted on payments

By Lhalie Castillo | Mar 22, 2018

BELLEVILLE — An assignee is suing an investment fund, citing alleged failure to pay.

Ritchie Risk-Linked Opportunities LLC filed a complaint March 5 in the St. Clair County Circuit Court against Ritchie Risk-Linked Strategies LLC, alleging it failed to fulfill its obligations under an agreement.

According to the complaint, the plaintiff claims that Ritchie Multi-Strategy Global Ltd. assigned to the plaintiff the right to collect $1 million from the defendant, which the plaintiff alleges has not been paid. 

The plaintiff holds Ritchie Risk-Linked Strategies responsible because the defendant allegedly has defaulted on its financial obligations.

The plaintiff seeks a judgment against the defendant for $1 million plus costs of this action. It is represented by John E. Sabo of Clayborne, Sabo & Wagner LLP in Belleville.

St. Clair County Circuit Court case number 18-L-147

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Clayborne, Sabo & Wagner St. Clair County Circuit Court

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