We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Lincoln Financial Unit Wins $29M In Housing Loan Suit

Law360, New York (January 18, 2012, 9:51 PM EST) -- An Illinois federal judge ruled Wednesday that Lincoln Financial unit Jefferson-Pilot Investments Inc. is entitled to recover nearly $29 million from Sunset Village LP to satisfy a defaulted loan agreement for a housing development.

“Sunset Village does not dispute that Jefferson-Pilot is entitled to summary judgment on its two claims related to the mortgages. Accordingly, the court grants summary judgment on those claims,” U.S. District Judge Matthew F. Kennelly said.

The judge also granted Jefferson-Pilot's request to foreclose on and order a judicial sale of the mortgage property.

Jefferson-Pilot originally sued Capital First Realty Inc., the guarantors of Sunset Village's notes,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Illinois Northern

Nature of Suit

190(Contract: Other)

Judge

Subscribers Only

Date Filed

November 30, 2010

Law Firms

Companies