Citicorp Seeks To Intervene In Tousa Lenders' Appeal

Law360, New York (June 1, 2010, 5:23 PM EDT) -- Citicorp North America Inc. has asked to intervene in a dispute between a group of Tousa Inc. lenders and Tousa's unsecured creditors, saying the outcome will determine whether the banking giant can recover $200 million on behalf of a separate group of lenders.

Citicorp filed a motion Friday in the U.S. District Court for the Southern District of Florida to intervene in an appeal by a group of lenders known as the Transeastern lenders, which is challenging a bankruptcy court's order requiring it to pay $403...
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