GGP Fights Interest Award To Lender In Ch. 11 Case

Law360, New York (July 6, 2011, 6:58 PM EDT) -- General Growth Properties Inc. vowed Tuesday to fight a New York bankruptcy judge's decision to award a lender $11.7 million in default interest in a dispute over changes in the shopping mall owner's debt obligations once it filed for bankruptcy.

GGP indicated in court papers that it would appeal the June 16 judgment in favor of the Comptroller of the State of New York, serving as trustee of the New York State Common Retirement Fund. CRF had argued that the mall owner's Chapter 11 plan failed...
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