Charles Cohen Files Notice To Appeal Ruling On Personal Loan Guarantee In Fortress Lawsuit
deadline.comNew York real estate mogul Charles Cohen has filed a notice to appeal a New York State Supreme Court ruling in his battle with Fortress Credit Corp.
that found him liable for a $187 million personal loan guarantee pending an auction of Landmark Theaters and other assets that is still scheduled for next month.
Fortress sued Cohen last spring for defaulting on a $530 million loan backed by the properties and asked the judge to force a sale, which would be one of the largest in New York real estate history under the so-called Uniform Commercial Code (UCC).
The court eventually agreed to Nov. 8 auction date for the assets, which, according to legal filings, also include the British arthouse chain Curzon, two hotels, a design center and an office tower.
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