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Email LNR Partners, Inc. and American Capital, Ltd. submitted a Memorandum of Law in support of CWCapital Asset Management LLC's Opposition to the Motion for Leave to Intervene as a Party-Defendant filed by Appaloosa Investment L.P. I, Palomino Fund Ltd., Thoroughbred Fund L.P., and Thoroughbred Master Ltd. LNR, in its capacity as a special servicer of CMBS, and American Capital, in its capacity as the controlling representative of certain of the trusts submitted that allowing Appaloosa to intervene in this foreclosure action (i) raises serious public policy concerns relating to the distressed commercial real estate market, and (ii) undermines the contractual agreements established to foster effective administration of mortgage loans and to enhance recoveries on defaulted loans. https://www.cadwalader.com/resources/clients-friends-memos/cadwalader-files-amici-brief-in-peter-cooper-village-foreclosure-on-behalf-of-lnr-and-american-capital