Nursing Home Co. Says $25M Buyout Loan Wasn't Funded

Law360, New York (April 30, 2013, 7:37 PM EDT) -- A nursing home operator told a New York state appeals court Tuesday that a lower court should've allowed more evidence to show that a $25 million loan in a billion-dollar nursing home acquisition wasn't funded.

The suit is part of a wider dispute stemming from a complex, billion-dollar deal in 2004 for nursing home operator Mariner Health Care Inc. that real estate mogul Rubin Schron financed.

The deal left former Troutman Sanders LLP partner Leonard Grunstein, Schron's longtime attorney before their relationship soured, operating hundreds of...
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