Bankruptcy Claims Halt Land Auction In $1.2B Md. Project

Law360, New York (February 11, 2013, 7:50 PM EST) -- An auction for 43 acres of Baltimore land earmarked for Turner Development Group's failed $1.2 billion waterfront project has been canceled in the wake of an involuntary bankruptcy petition filed Friday against a group affiliates over money due to a construction company and law firm.

The auction had been set to take place on a local courthouse's steps on Thursday, but documents from auctioneer A.J. Billing & Co. note that the event has been canceled. The cancellation comes as Dixie Construction Co. and land-use law firm...
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