$1.2B Project Developer Accused Of Collusion With Creditors

Law360, New York (April 18, 2013, 7:31 PM EDT) -- The developer behind a proposed $1.2 billion Maryland development was accused of colluding with creditors to wrongfully avoid foreclosure on the project's property through the filing of a bankruptcy petition, according to a Wednesday filing in the state's bankruptcy court.

Patrick Turner's Inner Harbor West LLC allegedly colluded with Dixie Construction Co. and land-use law firm C. Frye Associates LLC, creditors that launched an involuntary bankruptcy petition against Inner Harbor earlier this year, to get a wrongful stay on a foreclosure auction that had been pending,...
To view the full article, register now.