AMR Ventures Says Fund Is Trying To Steal $250M Aruba Hotel

Law360, New York (November 6, 2012, 2:51 PM EST) -- AMR Ventures II LLC sued investment fund Midtown Acquisitions LLP in New York state court Monday over an alleged attempt to steal away a luxury resort in Aruba worth at least $250 million by blocking AMR's refinancing of the property.

A secured creditor holding a $35 million mezzanine loan tied to the Aruba property, Midtown is attempting to force a sale of its collateral after the note defaulted last month. But AMR says it had requested forbearance and is in the final talks with a U.S....
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