November 29, 2012

Law360 quotes Greg Cross on recent victory in loan foreclosure case

1 min

Law360 quoted Venable partner Greg Cross in a November 28, 2012 article on a victory for two Venable clients, a bank and a real estate investment firm. The court denied a property investment company's request to block Venable's clients from foreclosing a $335 million loan over allegations that the real estate firm's connection to a third-party homebuilding corporation violated an agreement.

The ruling concluded that the Plaintiff failed to prove it would be permanently harmed if the foreclosure continued. Defending his clients, Cross said "Clearly, foreclosure is an appropriate remedy … [Plaintiff] merely wants to kick them out and kick them out unfairly."

Venable partner Ed Smith also represented the defendants.