A Credit Suisse-led lending syndicate has filed papers with the Supreme Court to drop its attempted foreclosure bid on 1,476 acres at the $4.9 billion Ginn sur mer project, Tribune Business can reveal, with attorneys for both sides set to present arguments in favour of this on September 21, 2011.
Attorneys from Graham, Thompson & Co, representing the Credit Suisse syndicate, and from Dupuch & Turnquest, representing Ginn-LA West End (really Lubert Adler, Ginn’s financing partner), appeared yesterday before Justice Neville Adderley over the Notice of Discontinuance that was filed with the Supreme Court on September 1.
