Regions, Wyndham Take WexTrust-Tied Fight To Court

Law360, New York (November 4, 2009, 12:42 PM EST) -- Regions Financial Corp. has filed the first lawsuit in a simmering battle with Wyndham Hotel Management Inc. over the closing of an Illinois hotel that was part of the massive WexTrust Capital Ponzi scheme that was broken up last year.

In the lawsuit, filed Tuesday in the U.S. District Court for the Middle District of Tennessee, Regions claims that Wyndham violated a shutdown agreement the two parties reached in August to close the Drake Oak Brook hotel in Oak Brook, Ill.

According to the complaint, Wyndham...
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