Capmark Hits Back Against Noteholder Action

Law360, New York (January 5, 2010, 6:06 PM EST) -- Bankrupt commercial real estate financing company Capmark Financial Group Inc. struck back Tuesday against a group of noteholders, seeking to block its claim that the insertion of three words in a contract amounted to a critical change in the terms of some of the $2.55 billion in unsecured notes Capmark issued in 2007.

Capmark is seeking a declaration that the noteholders' action is subject to the Chapter 11 stay, according to its adversary complaint against the noteholders, filed in the U.S. Bankruptcy Court for the District...
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