Hotel Fires Back At Lender Over $80M Default Claims

Law360, New York (June 12, 2012, 4:49 PM EDT) -- The development arm of John Q. Hammons Hotels & Resorts on Monday countersued a successor to Barclays Capital Real Estate Inc. in New York state court in response to claims that JQH had made fraudulent misrepresentations in connection with an $80 million convention center loan.

Rogers Funding LLC alleged in April that Jacqueline A. Dowdy, CEO of JQH, signed off on a financial statement that “grossly inflated” the tangible net worth of the company by $1 billion in order to avoid defaulting on the loan for...
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