Tuesday, September 29, 2009

Fontainebleau Las Vegas creditors request liquidation

Creditors for the stalled Fontainebleau Las Vegas want to oust developer Jeffrey Soffer from the bankrupt project and have a court sell the unfinished high-rise, and have filed a lawsuit in federal bankruptcy court to do so.
``With completion of the Project by the Debtors not possible, a sale of the Project to a third party and liquidation of the remaining assets is the only viable course,'' the lenders wrote.

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