RE Investor Must Fulfill $100M Takeover Loan, Witness Says

Law360, New York (August 6, 2012, 7:07 PM EDT) -- A business associate of a former Troutman Sander LLP attorney testified at trial Monday that real estate investor Rubin Schron must fund a $100 million loan that was part of a larger 2004 acquisition of nursing homes before taking full control of a nursing home operator.

The $100 million loan is part of a larger battle rooted in Schron's $1.3 billion deal for nursing home operator Mariner Health Services Inc. in 2004. Leonard Grunstein, the former Troutman Sanders attorney who worked with Schron on the deal,...
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