Credit: licvin/Adobe Stock Real Estate Fund Sues Fiduciary After $58 Million USD Converted to Euros
Plaintiffs, represented by a team at Steptoe, claim Land Services USA breached their contractual and fiduciary obligations as escrow agent while disbursing a loan from Deutsche Bank Luxembourg in July.
August 27, 2024 at 04:04 PM
2 minute read
Commercial Litigation
Real estate fund Portfolio3 has filed suit against a Philadelphia-based title insurance company, alleging defendants inexplicably converted a loan of $58 million USD into euros without their consent.
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