Law360 (June 8, 2021, 10:02 p.m. EDT) – An Illinois Appeal Board on Monday upheld a $ 17 million award to an Illinois real estate company that claimed an investment firm violated its settlement agreement resolving the foreclosure of a 70-unit condominium development.

This settlement agreement contained a condition that all condominium units had to be sold before Cadle Properties of Illinois Inc. could sue Fortune Investments LLC on the loan and Fortune’s owner Mr. Abdul Mathin over its guarantees, according to the ‘notice. The litigation revolved around whether a 2012 deal was seen as a green light sale for Cadle’s lawsuit or just a refinancing.

The May 2012 agreement called for Cadle to publish …

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