Web Analytics

Quarles & Brady featured in "Irish Agency Dodges $1.2B Suit Over Failed Chicago Spire"

Media Mention

Following is an excerpt:

An Irish government agency can’t be held responsible in the U.S. for allegedly preventing a $1.21 billion deal that could’ve saved the “Chicago Spire,” a skyscraper that would’ve been the second-tallest building in the world, a federal judge said Thursday.

After the 2008 financial crisis ruined the project’s lender, Anglo Irish Bank Corp., Ireland’s National Asset Management Agency eventually took control of millions of dollars worth of loans Anglo had issued for the Spire. NAMA’s actions as it sold off that debt prevented the building’s developer, Shelbourne North Water Street Corp., from finalizing a deal with an investor that would’ve earned the company $1.21 billion, Shelbourne claimed in its lawsuit. ...

An attorney for NAMA, Faye B. Feinstein of Quarles & Brady LLP, said in an email the firm and the agency are very pleased with Judge Wood’s ruling.

Follow Quarles

Subscribe Media Contact
Back to Main Content

We use cookies to provide you with the best user experience on our website and to analyze statistics related to our website. To understand more about how we use cookies, or for instructions to change your preference and browser settings, please see our Privacy Notice. Please note that if you choose to reject cookies, doing so may impair some of our website's functionality.