Financier Carl Icahn has filed a lawsuit against Rialto Capital Advisors, claiming the Miami company had “placed its own interests ahead” of those of CMBS investors in the trust that held what had been a $73 million loan against the Prizm Outlets retail property near Las Vegas. The suit claims that Icahn affiliates holding bonds in COMM, 2012-CCRE4, the trust that held the loan, should have been granted control rights, but weren’t until it was too late.
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