Icahn Sues Realogy Over $1.1B Refinancing Plan

Law360, New York (December 2, 2008, 12:00 AM EST) -- A planned $1.1 billion debt refinancing deal by Realogy Corp., the parent of franchised real-estate brokers Century 21 and Coldwell Banker, has prompted a suit by financier Carl Icahn.

Icahn's High River LP, which holds some of Realogy's senior secured debt, filed the suit Nov. 26 in the Delaware Court of Chancery along with the Bank of New York Mellon Corp., which serves as a trustee for the class of bonds owned by High River.

Realogy is owned by the private equity firm Apollo Management, which...
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