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FDIC sells equity interest in loans

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 9 2010

On April 1, the Federal Deposit Insurance Corporation (FDIC) closed the sale of an equity interest in a limited liability company (LLC) created to hold certain assets transferred from 19 failed bank receiverships

U.S. bankruptcy court denies motions to dismiss GGP bankruptcy cases

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 14 2009

On August 11, the U.S. Bankruptcy Court for the Southern District of New York denied five motions to dismiss certain Chapter 11 bankruptcy cases filed by debtors, including a number of issuers of commercial mortgage-backed securities (CMBS), that are owned by mall operator General Growth Properties, Inc. (GGP