Tepper's Appaloosa Sues CWCapital For Interest On Stuyvesant Loan – ValueWalk Premium
David Tepper

Tepper's Appaloosa Sues CWCapital For Interest On Stuyvesant Loan

David Tepper’s Appaloosa Management LP filed a lawsuit on Thursday against CWCapital Asset Management LLC in an attempt to recover over $500 million in interest from the mortgage lender on Manhattan’s largest apartment complex. Tepper claims CWCapital isn’t computing its fees correctly and that instead it should be leaving with a far smaller paycheck along the lines of $100 million, against analysts’ estimates of over $600 million.

CWCapital’s potential windfall under fire
CWCapital Asset Management, a Fortress Investment Group-owned company, manages . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0