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NORTH HILLS VILLAGE LLC v. LNR PARTNERS, LLC et al
Case Number:
2:20-cv-00431
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 17, 2020
Mall's Suit Fighting Lender's Rent Grab Axed Over Citizenship
A Pittsburgh-area strip mall's dispute over whether its loan servicer can directly seize tenants' rent payments doesn't belong in federal court because the mall is owned by a business trust with one beneficiary living in Canada, rendering it a "stateless party" that can't sue in federal court, a judge ruled Monday.
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May 28, 2020
Pa. Mall Lender Says COVID-19 No Escape From Rent Seizure
The loan servicer for a Pittsburgh-area shopping center said a major tenant's rent reduction was a valid trigger for diverting all the tenants' rents toward its debt repayment and said the mall couldn't cite the COVID-19 pandemic to get an emergency injunction, according to filings in federal court Thursday.
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April 01, 2020
Loan Servicer Delays Seizing Rent From Pittsburgh Mall
The company servicing a loan for a suburban Pittsburgh strip mall agreed to delay a "cash sweep" action until at least mid-May after the owners of North Hills Village complained that the seizure of tenants' rents to repay the loan could shut the center down amid the coronavirus pandemic.
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March 31, 2020
Pa. Mall Rips Wells Fargo's 'Outrageous' COVID-19 Rent Grab
A Pittsburgh-area shopping center said it could fold under the strain of coronavirus-related business shutdowns if Wells Fargo and a Starwood Property Trust subsidiary follow through on an "outrageous" threat to seize the rent payments being submitted by the strip mall's tenants, a federal lawsuit said Monday.