Pa. Shopping Center Fights Demand For Bank's Atty Fees

By Matthew Santoni (October 1, 2021, 6:57 PM EDT) -- The owner of a Pittsburgh-area shopping center said it shouldn't have to pay its lender's legal bills because the bank didn't "prevail" in a lawsuit over seized rents, but the lender fired back that the fee fight couldn't be dragged into the court on short notice.  

North Hills Village LLC, which operates a shopping center in Ross Township, Pennsylvania, said a pending refinancing would resolve the issues that led it to sue loan servicers LNR Partners LLC and Wells Fargo Bank over an alleged "cash sweep," where the servicers seized tenants' rents to apply them to the shopping center's debt. But...

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