BACKGROUND Plaintiff Kingsley Capital Management is an Arizona limited liability company controlled by Dr. Bruce Kingsley, an Arizona resident. At the time of the investment pitch, Charles J. Antonucci, Sr. , was president, CEO, and a member of the board of directors of Park Avenue Bank. Kingsley alleges that Antonucci knew at the time he made these statements that Oxygen was not doing well, but instead required significant credit from Park Avenue Bank. Kingsley received these letters of credit through Park Avenue Bank, with Antonucci's help. In this new action, Kingsley sues those who were directors of Park Avenue Bank at the time Antonucci engaged in his fraudulent schemes.

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