The lawsuit is currently ongoing, with both parties engaging in discovery and negotiating potential settlements. The court has not yet issued a ruling on the matter.
The lawsuits and subsequent federal indictments claim the following: ferrum capital lawsuit 2021
Hightower’s counter-argument? The merger failed due to market conditions, not their actions. They claimed the breakup fee was unenforceable because Ferrum had failed to actually secure the $35 million in committed capital. In other words: "You didn't have the money ready, so you don't get the fee." The lawsuit is currently ongoing, with both parties
The Ferrum Capital saga is a cautionary tale for anyone in the real estate investment space. Whether you are a passive investor looking for yield or an active borrower seeking leverage, the 2021 lawsuit highlights three critical lessons: The lawsuit is currently ongoing
The lawsuit is currently ongoing, with both parties engaging in discovery and negotiating potential settlements. The court has not yet issued a ruling on the matter.
The lawsuits and subsequent federal indictments claim the following:
Hightower’s counter-argument? The merger failed due to market conditions, not their actions. They claimed the breakup fee was unenforceable because Ferrum had failed to actually secure the $35 million in committed capital. In other words: "You didn't have the money ready, so you don't get the fee."
The Ferrum Capital saga is a cautionary tale for anyone in the real estate investment space. Whether you are a passive investor looking for yield or an active borrower seeking leverage, the 2021 lawsuit highlights three critical lessons: