Huntington National Bank Sues 24 Companies Tied to R&R Family of Companies for Over $12M in Debt
Huntington National Bank has filed a lawsuit against 24 companies associated with the defunct logistics firm, R&R Family of Companies. The bank is seeking more than $12 million in unpaid debt from entities such as R&R Express and GT Worldwide Transport under shared lending arrangements. These legal actions follow the collapse of R&R’s operations earlier this year, which left employees jobless and creditors struggling to recover outstanding invoices. The lawsuit highlights a complex corporate structure involving multiple subsidiaries controlled by R&R Express Holdco Inc., with many companies allegedly jointly liable for repayment. The original credit agreement in 2022 included revolving loans of up to $85 million from Huntington, later reduced to around $65.9 million after amendments. As of June 8, the outstanding balance exceeded $12 million, excluding additional fees and interest. This legal move adds clarity about R&R’s financial entanglements but does not resolve broader concerns among creditors seeking repayment for unpaid invoices. The case is ongoing, with no court decision yet rendered.
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Topics: bankruptcy debt recovery lawsuit logistics