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Albuquerque Journal
May 20, 2010

Excerpt:

A federal judge in Delaware last week threw out a bankruptcy claim filed by Westland DevCo, a limited partnership formed between D.E. Shaw and SunCal Cos. to develop a 55,000-acre parcel west of Albuquerque into a master planned community.

...

SunCal put up its project's assets, including the land, as collateral, according to the lawsuit. That means the lenders could seize the project from SunCal if it doesn't come up with the money.

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