REIT Investors Defend Suit Over Board Probe Of Loan Loss

By Jack Newsham (November 15, 2017, 3:25 PM EST) -- Shareholders of the real estate investment trust Resource Capital Corp. who say the company's board is responsible for a $41 million loss on a loan backed by Puerto Rican hotels urged a New York federal judge on Tuesday not to dismiss their suit, saying that when the board looked into the loss it had a "predetermined outcome" in mind: to let directors off the hook....

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