Owners at four Western luxury ski and golf resorts are suing the Swiss bank for $24 billion, accusing it of running a "predatory" loan-to-own scheme that loaded the developments with debt so it could foreclose on their assets.
WSJ.com: US Business, Wall Street Journal: Business
Mon, 01/04/2010 - 9:35am
Owners at four Western luxury ski and golf resorts are suing the Swiss bank for $24 billion, accusing it of running a "predatory" loan-to-own scheme that loaded the developments with debt so it could foreclose on their assets.