Capmark Creditors Ask To Sue Citi, Goldman Over Loan

Law360, New York (August 12, 2010, 3:39 PM EDT) -- Capmark Financial Group Inc.'s unsecured creditors have asked a bankruptcy court for permission to sue Citigroup Inc. and Goldman Sachs Group Inc. over a $1.5 billion secured loan Capmark took out 149 days before filing for bankruptcy.

The debtor’s liquidating estates hold claims against those secured lenders and others that, if prosecuted, will likely allow up to $1.5 billion for distribution to all creditors, according to a motion Jamie L. Edmonson of Bayard PA filed Tuesday on behalf of the creditors committee in the U.S. Bankruptcy...
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