Vero Fashion Outlets’ main creditor tries to tap owner’s family trust
Friday, November 6th, 2009 by TCPalm.comVERO BEACH — A high-level financial struggle over the troubled Vero Fashion Outlets now may reach into an owner’s family trust, court records show.
In early October the outdoor mall filed for bankruptcy in federal court, a move that halted a foreclosure lawsuit filed by the mall’s creditor, LNV Corp. of Nevada, in Indian River Circuit Court. LNV Corp.’s attorney Kenneth Curtin contends the mall defaulted on a $32 million loan for purchase of the 329,000-square-foot mall in 2007. (more…)

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