NY High Court Denies Appeal Over $150M Casino Loan Buy

Law360, New York (December 12, 2012, 2:46 PM EST) -- New York state's highest court on Tuesday denied a motion by a group of investors for leave to appeal a lower court's dismissal of a preliminary injunction that had blocked a junior lender's attempt to buy a $150 million senior loan backed by a Las Vegas casino.

The New York Court of Appeals said in a one-line ruling that the plaintiffs, led by Cedarwoods CRE CDO II Ltd., were attempting to appeal a preliminary injunction, which is not considered a "final order" under the New York...
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