Credit Suisse Ordered to Pay Hedge Fund Over Real Estate Deal

A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments, The Wall Street Journal reports.

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A judge in the Bahamas said Friday a liquidator could take control of the stalled Baha Mar resort project, making it clear that the new professional should preserve the $3.5 billion project’s assets rather than develop a plan for the project’s completion, WSJ reports.

New York Gov. Andrew Cuomo led a delegation to Puerto Rico on Monday in hopes of helping the territory address its debt crisis, saying the situation “is threatening the livelihoods of millions of people—many with strong connections to New York,” WSJ reports.

Bankrupt rapper 50 Cent posted images of a house he says he’s building in Africa, the BBC reports.

Cambridge Endoscopic Devices Inc., a Massachusetts firm founded to make hand-held instruments for surgical community, filed for bankruptcy protection, The Boston Business Journal reports.

Olga’s Kitchen has closed its downtown Detroit location, reducing the number of Olga’s locations in metro Detroit to 26 as the restaurant chain struggles to emerge from bankruptcy, the Detroit Free Press reports.

A recent court ruling in a 2014 lawsuit over payouts made to private equity owners of Hellas Telecommunications, once Greece’s third-largest mobile phone operator, provides a window into the supersecret world of private equity, the New York Times reports.

Write to Katy Stech at [email protected]. Follow her on Twitter at @KatyStech