Investors Push Amended Suit Over $150M Vegas Resort Loan

Law360, New York (August 30, 2012, 4:56 PM EDT) -- Four property investors on Monday defended their bid to amend a complaint against a junior loan holder they claim conspired to take away from them at a steep discount a $150 million senior loan tied to a Las Vegas Marriott resort and casino.

Led by Cayman Islands-based Cedarwoods CRE CDO II Ltd., the investors filed a memorandum in New York state court that picked apart opposition motions filed last week by junior loan holder Galante Holdings Inc. — a British Virgin Islands firm — as well...
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