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NY Appeals Rules Nobu Option For Shore Club Loan Invalid

By Natalie Rodriguez (September 25, 2014, 4:22 PM EDT) -- A New York appeals court ruled Wednesday that since Wells Fargo Bank NA and noteholders of the Shore Club hotel's $126.5 million mortgage weren't part of a deal giving sushi chain Nobu Associates LP an option to buy the loan, the assigning of the option to another entity was invalid....

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