Wachovia Settles With Bankrupt Builder Over Lien

Law360, New York (January 15, 2009, 12:00 AM EST) -- Wachovia Bank NA has dropped its appeal against Levitt and Sons LLC in an adversary case over a $100 million lien — a fight in which a Chicago title insurer intervened on behalf of the bankrupt home builder and home buyers.

According to papers filed Wednesday in the U.S. District Court for the Southern District of Florida, the parties to the appeal reached a settlement, though details of the deal were not available on Thursday and court papers said the exact terms had not yet been...
To view the full article, register now.