NEW YORK CITY — A second financial company has now filed suit against Kentucky’s largest addiction treatment provider, alleging default on a loan.

Clear Cove Opportunities Fund filed a complaint against Louisa-based Addiction Recovery Care Monday in Manhattan federal court.

Last month, Angelica Capital Trust filed suit, alleging that they had advanced ARC $5.4 million, with the agreement that ARC would turn over $8.1 million in anticipated tax refunds, when they arrived. Instead, Angelica says ARC kept the money when it arrived.

Now, Clear Cove says ARC did the same thing to them. And in a motion to intervene previously filed in Angelica’s case, Clear Cove claims ARC sold the same tax credits to both companies.

No hearings have yet been set in the Clear Cove case.

Last month, U.S. District Judge George Daniels ordered ARC to place $4.7 million into a frozen bank account, leaving the company $1 million to pay necessary expenses until an expected sale of the company on Feb. 4. Since that time, there have been no announcements that the company has been sold.

A copy of the Clear Cove complaint follows: