$150M Casino Loan Investors Say Suit Has Enough Support

Law360, New York (October 24, 2012, 5:31 PM EDT) -- Four property investors filed a new suit Tuesday over a $150 million loan tied to a Las Vegas resort and casino, saying that their new allegations overcome a New York state judge's ruling that they didn't have the support of enough investors to sue.

Like their original suit, the four investors, led by Cedarwoods CRE CDO II Ltd., allege that junior lender Galante Holdings Inc. and others had concocted a scheme to snatch away a $150 million senior loan tied to a Las Vegas Marriott resort...
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