GGP Lenders Seek Examination Of 42 Malls

Law360, New York (June 8, 2009, 12:00 AM EDT) -- Servicers for loans made to 42 General Growth Properties Inc. shopping malls have asked for discovery under Rule 2004 of the Bankruptcy Code to examine whether those malls should be dismissed from GGP's bankruptcy case.

In a motion filed Friday in the U.S. Bankruptcy Court for the Southern District of New York, four companies, acting as special servicers for commercial mortgage-backed securities trusts that lent money to the special-purpose entities created to manage the malls, asked for permission to seek information about whether the SPEs should...
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