Capmark Creditors Can Examine $1.5M Loan

Law360, New York (July 15, 2010, 2:28 PM EDT) -- Bankrupt commercial real estate lender Capmark Financial Group Inc. has agreed to let its unsecured creditors investigate a $1.5 billion secured loan Capmark took out 149 days before filing for bankruptcy.

In a stipulation filed and approved Wednesday in the U.S. Bankruptcy Court for the District of Delaware, Capmark agreed to let the official committee of unsecured creditors take limited discovery about the loan, including the relevant financial records and searches of key officers' computers. Discovery will begin no later than Aug. 2, according to the...
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