John Hancock, REIT End $18M Mortgage Feud

Law360, New York (March 2, 2012, 7:55 PM EST) -- A real estate investment trust and John Hancock Life Insurance Co. on Thursday agreed to drop their lingering claims in a messy $18 million mortgage contract dispute after each side won partial summary judgment, an Ohio federal judge said Thursday.

Texas-based REIT USPG Portfolio Two LLC and Michigan-based John Hancock requested that the suit be dismissed with prejudice after both parties won partial summary judgment on Jan. 20. The companies’ mortgage dispute has bounced from Texas state court through two federal courts.

At the heart of...
To view the full article, register now.




Case Information

Case Title

USPG Portfolio Two LLC v. John Hancock Life Insurance Company (USA) et al

Case Number



Ohio Southern

Nature of Suit

Contract: Other


Timothy S. Black

Date Filed

March 25, 2011

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.