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Hospital Plaza Transfer Sank PE Firm's Deal, 3rd Circ. Told

Law360 (June 12, 2018, 5:19 PM EDT) -- A private equity firm on Tuesday urged the Third Circuit to revive its $5 million case against a New Jersey hospital over the firm's would-be acquisition of a medical plaza under foreclosure, arguing that an ownership transfer that sank the sale ran afoul of the purchase deal.

During oral arguments before a three-judge panel in Philadelphia, an attorney for Liberty Bell Capital II LP told the court that a post-foreclosure agreement at the heart of the case barred Hillcrest Medical Plaza LLC from interfering with Liberty...
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Case Information

Case Title

Liberty Bell Capital II L.P. v. Warren Hospital, et al


Case Number

17-3353

Court

Appellate - 3rd Circuit

Nature of Suit

4190 Other Contract Actions

Date Filed

October 27, 2017

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