After four years of intense litigation, the trustee overseeing the failed $3 billion Fontainebleau Las Vegas casino resort project has reached an $83 million settlement with creditors and contractors.
However, term lenders who lent hundreds of millions of dollars to Aventura’s Soffer family, the developers of the project, to build the 68-story high-rise are strongly objecting to the agreement, which includes a bar order preventing other litigation against the Soffers and other officers and directors of the development.
