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The Fontainebleau resort claimed back in April that its lenders had reneged on a $700 million revolving credit line, and sued to get the money to finish construction. The case has seen fast and furious developments since then, with the resort filing for bankruptcy. But time ran out on its revolving credit claims Wednesday, when a Miami federal court judge found the banks--not the resort--correctly interpreted the loan agreement.
Court Rejects Banks' Challenge to MBIA's 2009 Restructuring
Justice Barbara Kapnick yesterday rejected a bid by two banks to undo the 2009 restructuring of bond insurer MBIA Inc. over claims the insurer illegally transferred $5 billion in assets from MBIA's structured finance insurance business to its municipal bond insurance business.Taking It Outside: Who Represents America's Biggest Companies
With Trustees in Place, Big Bankruptcy Billers Line Up to Feast on MF Global Fees
With Trustees in Place, Big Bankruptcy Billers Line Up to Feast on MF Global Fees
Expert Testimony on Child Sex Abuse Found Both Useful and Prejudicial
The state Court of Appeals found yesterday that expert testimony on child sexual abuse was useful to jurors in one case but in another it was prejudicial to the defendant because of improper questioning by the prosecution.2008 Summer Associates Survey: The Firms, A-Z
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