Law360, New York (June 26, 2012, 11:52 AM ET) -- Lehman Brothers Holdings Inc. sued an Investcorp International Realty Inc. subsidiary on Friday, accusing the niche lender of failing to honor Lehman Brothers' minority stake in a foreclosed $62.5 million mezzanine loan to a hotel operator in breach of a joint lending agreement.
Lehman Brothers says IVC WH HG II LLC did not set up a joint operating company to house the joint interests, as required by the agreement between the two lenders, when it foreclosed on the loan in August. Lehman holds 30.9 percent and...
Lehman Sues To Keep Stake In $63M Foreclosed Hotel Loan
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