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Preston Hollow's antitrust trust lawsuit against Nuveen survives first legal test

A federal judge denied Nuveen's motion to dismiss Preston Hollow's antitrust lawsuit concluding a "plausible" claim exists to proceed. PHC faces a tougher legal road ahead in proving its rival orchestrated a damaging boycott. ....

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Yankees Spat With Nuveen and NYC Over Spaces Delays Parking Deal

Yankees Spat With Nuveen and NYC Over Spaces Delays Parking Deal
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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N.Y.'s Biggest Mall Borrowed Big and Now Can't Pay

N.Y.’s Biggest Mall Borrowed Big and Now Can t Pay
Destiny USA, the state’s largest mall, may not generate enough cash to keep running and pay its debts this year.
Bloomberg | May 14, 2021
(Bloomberg) A sprawling shopping mall in Syracuse, New York, may be driven into one of the biggest municipal-bond defaults since the onset of the pandemic.
Already struggling before the lockdowns hammered retailers, Destiny USA, the state’s largest mall, said it doesn’t know if it will generate enough cash to keep running and pay its debts this year, raising doubts about whether it can continue as a business. Its owner, Pyramid Management Group, hired restructuring advisers and has sought a meeting with investors who hold about $285 million of municipal bonds that financed the project, according to a filing last month. ....

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Citi Executive Called Alleged Boycott 'Outrageous,' Filing Says

May 05 2021, 4:53 AM
May 05 2021, 2:10 AM
May 05 2021, 4:53 AM
(Bloomberg) A former Citigroup Inc. executive called Nuveen LLCâs alleged demand that the bank stop doing business with the bond giantâs smaller rival Preston Hollow Capital âoutrageousâ and âanticompetitive,â according to a newcourt filing citing tapes of phone calls in a long-running legal battle.
(Bloomberg) A former Citigroup Inc. executive called Nuveen LLCâs alleged demand that the bank stop doing business with the bond giantâs smaller rival Preston Hollow Capital âoutrageousâ and âanticompetitive,â according to a newcourt filing citing tapes of phone calls in a long-running legal battle. ....

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Preston Hollow v. Nuveen trudges forward on multiple fronts

Preston Hollow v. Nuveen trudges forward on multiple fronts
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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