RE Investor Never Funded $100M Loan, Expert Testifies

Law360, New York (August 14, 2012, 6:41 PM EDT) -- The flow of cash in a complex 2004 nursing home transaction showed that real estate investor Rubin Schron never funded a $100 million loan now being challenged by a former Troutman Sanders LLP attorney, an accounting expert told a New York state judge during a trial Tuesday.

The bench trial before Judge O. Peter Sherwood has pitted Schron against former Troutman Sanders attorney Leonard Grunstein and Grunstein's business associate, Murray Forman. Grunstein and Forman have alleged that Schron never funded a $100 million loan that was...
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