Lennar Must Turn Over Withheld Docs In Axed $134M Land Buy

Law360, New York (December 3, 2012, 8:10 PM EST) -- Lennar Corp. has two weeks to turn over thousands of documents and make executives available for deposition after a Maryland federal judge ruled Monday that the home builder withheld documents in a long-running contract dispute over a soured land deal.

Settler Crossing LLC, which owned the land, and iStar Financial Inc., which was to provide a one-year bridge loan for its acquisition, can redepose Lennar brass on Lennar’s dime, the judge ruled. The order granted in part and denied in part iStar’s motion for sanctions against...
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