ATLANTIC CITY, N.J. (AP) – A Florida developer who lost a bankruptcy court auction for the former Revel Casino Hotel in Atlantic City is now challenging the decision.
The Press of Atlantic City (http://bit.ly/1wXfeEs) reports that a lawyer for Glenn Straub filed an appeal Friday. It was not known when or if a hearing would be scheduled.
Straub had vowed to appeal the sale of the property to Toronto-based Brookfield Asset Management for $110 million. A federal bankruptcy judge approved the deal on Oct. 7, despite Straub’s contentions that Revel’s lawyers reneged on a promise to share information on competing bids, something Revel has denied.
Straub also claims Revel’s attorneys accepted a bid by Brookfield past a specified deadline.
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