REIT Sues Station Casinos, Creditors For Share Rights

Law360, New York (July 6, 2012, 7:07 PM EDT) -- A real estate investment trust hit Station Casinos LLC, its founding family and creditors including JPMorgan Chase Bank NA with a suit Thursday in New York, seeking to enforce its right to purchase nearly $9 million in stock in connection with the company's restructuring plan.

Secured creditors JPMorgan and German American Capital Corp. had allegedly promised Fillmore West Fund LP, a mezzanine lender, that it would have the option to take on a limited portion of JPMorgan's equity interest in the restructured business after predecessor Station...
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