NYC
04/27/2010 05:12 am ET | Updated May 25, 2011

Stuyvesant Town Foreclosure: Appaloosa Management, Hedge Fund, Seeks Control

A hedge fund that has acquired a significant portion of the debt of Stuyvesant Town and Peter Cooper Village is now seeking to take control of them, a published report said today. Appaloosa Management, a New Jersey-based hedge fund, filed papers in United State District Court challenging the company overseeing the two sprawling complexes.

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