CIBC, Cerberus Ink $770M Deal Over Missed Loan Payments
By Lauren Berg ( February 17, 2023, 10:59 PM EST) -- Canadian Imperial Bank of Commerce said Friday that it will pay $770 million to resolve a long-running dispute over missed loan payments with private equity firm Cerberus Capital Management after a New York judge recently found the bank liable for $848 million in damages....
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