Developers Push For Ruling On $105M Lehman Loan

Law360, New York (March 23, 2009, 12:00 AM EDT) -- Complaining that Lehman Brothers Holdings Inc. has left their project in limbo, a group of Hawaiian developers seeking to create high-end agricultural estates has asked a bankruptcy judge to compel the investment banking firm to address a $105 million loan commitment for the project, allowing the developers to find other financing if Lehman rejects the agreement.

Development companies WWK Hawaii-Waikapuna LLC, WWK Hawaii-Moaula LLC, WWK Hawaii-Honu’Apo LLC, WWK Hawaii-Little Honu’Apo LLC, WWK Hawaii-House Parcel LLC, WWK Hawaii-House Parcel 2 LLC and WWK Hawaii-Naalehu Parce1 LLC filed...
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