Anglo Irish Bank's $6M Mall Stake Selloff Nixed By Judge

Law360, Wilmington (February 18, 2014, 9:53 PM EST) -- A Delaware bankruptcy judge on Tuesday refused to approve a $5.75 million deal in which Irish Bank Resolution Corp., formerly known as Anglo Irish Bank, would sell its interest in a Florida shopping mall to the Tampa Port Authority, finding the bank had not adequately pursued a higher offer for the asset.

Chapter 15 debtor IBRC, which holds the loan its predecessor Anglo Irish Bank issued to Channelside Bay Plaza's leaseholder, had reached a deal with the TPA after the authority voted down a $7 million offer for...
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