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Real Law

Mar. 23, 2010

REIT Rolls Into a Lawsuit

By JULIE NAKASHIMA CREJ Staff Writer As many real estate companies continue to grapple with liquidity issues, a recently decided class action lawsuit shined a spotlight on a potential peril of one way some companies have dealt with this problem.

By JULIE NAKASHIMA

CREJ Staff Writer

As many real estate companies continue to grapple with liquidity issues, a recently decided class action lawsuit shined a spotlight on a potential peril of one way some companies have dealt with this problem.

The litigation pitted Vestin Mortgage Inc., a Las Vegas-based commercial real estate lender and investment fund manager, against a group of disgruntled investors. In 2006, responding to deteriorati...

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