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DeCaro v. Bryant et al
Case Number:
1:17-cv-00474
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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April 03, 2018
REIT Directors Duck Investor Suit Over $41M Loan Write-Down
A proposed class of Resource Capital Corp. shareholders can't pursue a suit on behalf of the real estate investment trust without the board of directors' go-ahead, a New York federal judge said Monday, finding the investors couldn't prove the board's permission was unnecessary given its alleged involvement in the underlying claims.
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January 23, 2017
REIT Faces Another Suit Over $41M Hotel Loan Write-Down
Another Resource Capital Corp. shareholder has brought a suit against the real estate investment trust's directors in New York federal court, accusing them Monday of mishandling a Puerto Rico hotel loan portfolio that prompted a $41 million write-down in August 2015.