US Bank Can't Get $23M From Bankrupt Trump Tower Builder

Law360, New York (April 4, 2013, 2:09 PM EDT) -- A New York bankruptcy judge on Wednesday denied U.S. Bank NA's attempt to secure a $22.8 million state court judgment from a bankrupt developer that took out a roughly $17 million loan to build a Trump-branded hotel and luxury condos in Philadelphia, but then never started the project.

U.S. Bank, which said it is now due $22.8 million from VTE Philadelphia LP after winning the state court judgment in a foreclosure against the debtor, had asked U.S. Bankruptcy Judge Allan L. Gropper to either dismiss VTE's...
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