Prudential Offers Vms Investors A Deal
Part of the morass of investor lawsuits against VMS Realty Partners is nearing settlement, but investors shouldn't expect to see much of their money back. Prudential Securities, which sold $560 million in VMS partnerships, has tentatively agreed to a settlement pool of $20 million, plus a cut of any asset sales or refinancing of VMS properties. VMS has agreed to pour $3.5 million into the pool.
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