Houston Tower Owner Says Noteholder Trying To Swipe Building

Law360, New York (July 13, 2012, 8:11 PM EDT) -- The owner of a Houston office tower on Friday told a Texas federal judge that the holder of a $32 million note secured against the property is inventing reasons to force the building into the hands of a receiver in order to seize the valuable asset.

At a hearing on lender Q 1010 Lamar Property LP's request for expedited consideration of a motion to remand the case to state court, building owner Zaya Younan's attorney told U.S. District Judge Keith P. Ellison that there had “never...
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