Litigation
Mar. 3, 2015
Creditors settle with Bank of America over failed Las Vegas hotel
Attorneys representing creditors of the failed Fontainebleau Las Vegas development claim the $300 million settlement reached with Bank of America NA puts their clients back in the black.
Daily Journal Staff Writer
Attorneys representing creditors of the failed Fontainebleau Las Vegas development claim the $300 million settlement reached with Bank of America NA puts their clients back in the black.
The approximately $3 billion dollar project was scuttled in 2009 after the developer declared bankruptcy. Creditors who forked over $1.85 billion in financing through a Banc of America Securities capitalization campaig...
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