KB Home Might Cover $180M Loan In South Edge Ch. 11

Law360, New York (February 4, 2011, 5:26 PM EST) -- KB Home Inc. might be on the hook for $180 million after a federal judge denied South Edge LLC's attempt to nix an involuntary bankruptcy petition brought against it by JPMorgan Chase & Co., Credit Agricole and Wells Fargo & Co.

Judge Bruce A. Markell of the U.S. Bankruptcy Court for the District of Nevada entered an order for relief under Chapter 11 of the Bankruptcy Code and asked the U.S. Trustee to appoint a trustee for South Edge's bankruptcy proceedings on Thursday.

Los Angeles-based KB...
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