Tranche Warfare

By Eliot Brown 8/19/10 6:04pm

Ackman’s Stuy Town Foreclosure Halted—For Now

A judge has halted the attempt by hedge funder Bill Ackman and Winthrop Realty Trust to seize control of Stuyvesant Town, putting the brakes on the foreclosure the two investors had scheduled for Aug. 25.

Now, the two parties are scheduled to appear in court on Sept. 2.

The special servicer in control of Read More

By Eliot Brown 4/29/10 5:21pm

Tranche Warfare

Hedge Fund Appaloosa Denied in Bid to Halt Stuy Town Foreclosure

A federal judge today denied hedge fund manager David Tepper’s attempt to stop the Stuyvesant Town foreclosure, Reuters reports:

“A U.S. judge on Thursday denied a bid by the Appaloosa Investment LP hedge fund to join a lawsuit to foreclose on New York’s massive Stuyvesant Town/Peter Cooper Village apartment complexes.

… Read More

The New York Observer

Tranche Warfare

Ackman’s Stuy Town Foreclosure Halted—For Now

Hedge Fund Appaloosa Denied in Bid to Halt Stuy Town Foreclosure

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