November 06, 2025
Military housing developers alleging that they were defrauded out of millions of dollars through excessive and undisclosed premiums and fees have struck a settlement agreement with two defendants, Ambac Assurance Corp. and its former managing director, Chetan Marfatia, court records show.
August 01, 2024
Developers of military housing and a lender for such housing filed dueling summary judgment motions in New York federal court Wednesday, each seeking a quick win in a suit accusing the lender and others of defrauding the developers of hundreds of millions of dollars in project proceeds.
January 20, 2023
A New York federal magistrate judge has refused to shield communications between military housing developers and the military in a suit alleging the companies were overcharged hundreds of millions of dollars on development loans, saying there was no privilege over those discussions.