NEW YORK CITY-Two New York developers, Izak Senbahar and Simon Elias, are suing Anglo Irish Bank for violating agreements. Developers are suing the bank for a total of $1 billion in a dispute over funding $500 million loans for three hotels, the Alex, the Flatotel and the Mark in Manhattan.
According to the suit filed in the New York court, developers and their companies affirm strongly that the bank sold portion of the debt to contenders of the developers. For the full story, go to Crain's New York Business.
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