NJ Developer Faces Ch. 11 Challenge Over $350M Land Row
By Kelly Knaub
Law360, New York (December 20, 2013, 5:18 PM ET) -- A management company with a stake in the $350 million Jersey City, N.J., property at the center of Liberty Harbor Holding LLC's proposed Chapter 11 reorganization plan urged a New Jersey bankruptcy court Thursday not to confirm the plan until a real estate dispute is resolved.
SWJ Management LLC argued that the reorganization plan is not feasible because the hearing to consider confirmation of the debtors's plan is scheduled for Dec. 26, but a trial between Liberty Harbor owner Peter Mocco and former business partner James...