REIT Sues Station Casinos, Creditors For Share Rights

Law360, New York (July 6, 2012, 7:07 PM EDT) -- A real estate investment trust hit Station Casinos LLC, its founding family and creditors including JPMorgan Chase Bank NA with a suit Thursday in New York, seeking to enforce its right to purchase nearly $9 million in stock in connection with the company's restructuring plan.

Secured creditors JPMorgan and German American Capital Corp. had allegedly promised Fillmore West Fund LP, a mezzanine lender, that it would have the option to take on a limited portion of JPMorgan's equity interest in the restructured business after predecessor Station...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.