WestLB Sues Canadian Co. Over $69M Credit Pact

Law360, New York (November 5, 2010, 7:07 PM EDT) -- The New York branch of German bank WestLB AG has launched a suit seeking to recover more than $68.9 million owed by Canadian developer Rosseau Resort Developments Inc. and its guarantors under the terms of the parties' credit agreement and four subsequent guarantees.

The bank, as the lender and administrative agency under a credit agreement issued to Rousseau for the construction of a Marriott resort and spa called The Rosseau that was guaranteed by fellow defendants Ken Fowler Enterprises Ltd. and general partnership Red Leaves Resort,...
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