Appeals Court Backs RE Mogul In Nursing Home Buyout Row

Law360, Los Angeles (May 21, 2013, 6:52 PM EDT) -- A New York state appellate court on Tuesday unanimously affirmed decisions in favor of real estate investor Rubin Schron and against Mariner Health Care Inc. and others in a nursing home purchasing dispute, saying the defendants’ new evidence was cumulative and would not have changed the outcomes.

The decision comes a month after a New York state judge ruled that Cammeby’s Equity Holdings LLC, a real estate company controlled by Schron, could forgive a $25 million loan that was part of a larger deal to complete its...
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