Appaloosa Sues CWCapital Over Stuyvesant Town InterestBy
Tepper-linked funds ask court to block $566 million payment
Apartment complex was handed to lenders after financial crisis
Funds associated with billionaire David Tepper’s Appaloosa Management LP sued to block CWCapital Asset Management LLC from recovering more than $500 million in interest from the mortgage on Manhattan’s largest apartment complex after it was sold to a group led by Blackstone Group LP last month.
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