Law360, New York (September 20, 2011, 4:23 PM ET) -- Citing jurisdictional grounds, an Arizona federal judge on Monday threw out a breach of contract suit brought by a Maricopa County real estate fund against Mission Capital Advisors LLC and Comerica Bank over a $34 million commercial loan portfolio.
Arcus Equity II LLC, which said it might refile the complaint, sued in July seeking $4.8 million in damages after it agreed to buy a portfolio called Bee Canyon LLC in a deal with the bank and the Florida-based debt placement firm, according to the suit. The...
Fund's Suit Against Mission Capital, Comerica Dumped
To view the full article, take a free trial now.
