Blank Rome filed a business tort lawsuit on Aug. 25 in California Superior Court for Los Angeles County in connection with a $2.5 billion hotel and luxury residential tower development project. The suit accuses DigitalBridge Group and other defendants of allowing a third party entity to acquire an over $80.4 million loan from plaintiff CE-GH Urbanite Fund 2 LLC in an effort to abandon the hospitality real estate market surreptitiously and transition to the digital infrastructure market. The plaintiff asserts that its investment has been depleted as a consequence. Counsel have not yet appeared for the defendants. The case is 23STCV20554, CE-Gh Urbanite Fund 2 v. Digitalbridge Gr
This suit was surfaced by Law.com Radar, a cutting edge solution for new suit alerts from federal and state courts. Law.com Radar delivers AI-enhanced case summaries and daily case reports from more than 1,100 courts—all backed by the industry’s most trusted source for legal news and data. Click here to get started and be first to act on opportunities in your region, practice area or client sector.
