NY Judge Ships BofA's Fontainebleau Project Doc Spat To Fla.

Law360, New York (May 03, 2013, 4:09 PM ET) -- A New York federal judge on Thursday rejected a bid by several insurers to dismiss a Bank of America NA suit over the failed $2.9 billion Fontainebleau casino project and shipped the case to Florida to be folded into Fountainbleau’s bankruptcy proceedings.

Judge Victor Marrero said the suit, in which BofA seeks a court order allowing it to withhold loan administration documents, properly belongs in Florida alongside the related bankruptcy proceedings. BofA is facing ongoing litigation brought by certain project lenders over its alleged mismanagement of...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers