Bank Pulled Bait-And-Switch On $54M NYC Condo Loan: Atty

Law360, New York (January 4, 2013, 3:02 PM EST) -- A German bank was wrong to foreclose on a $54 million loan to redevelop a lower Manhattan property after it indicated it would provide more money, an attorney for a Deutsche Bank AG affiliate and a real estate developer told a New York state appeals court Friday.

Gregg L. Weiner of Fried Frank Harris Shriver & Jacobson LLP, who represents a joint venture of Manhattan Capital RE LLC and a fund backed by Deutsche Bank, said during a hearing that Germany's Bayerische Landesbank, also known as...
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