Pursuits
KB Home Partner Fights Deal Over Bankrupt Las Vegas Project
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Builders KB Home, Beazer Homes USA Inc. and Toll Brothers Inc. face opposition to their plan to settle a dispute over a bankrupt Las Vegas-area development for at least $335 million.
Focus South Group LLC, a junior partner in the $1.2 billion South Edge LLC development, opposes a settlement between the builders and lenders led by JPMorgan Chase Bank NA. Focus South claims a lawsuit against the builders would raise enough money to complete the project.