The resolution marks the final chapter in a partnership that spanned two decades before souring in early 2024. The conflict began when Cohen Brothers Realty Corporation alleged that Fortress reneged on a promised loan extension for a controlled borrowing entity. That dispute escalated into a legal battle over a personal guarantee of loan principal, which ultimately resulted in a court ruling favoring Fortress.
General Counsel David López confirmed the debt has been cleared in full, asserting that the payment aligns with Cohen’s professional history and commitment to his financial obligations. By settling the balance, the developer has successfully vacated the legal mechanisms that previously placed his assets at risk of third-party oversight.
Comments (0)
No comments yet. Be the first!