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Hudson’s Bay Company landlords seek $2.4M in legal fees after a court blocked most of HBC’s mall lease sales to billionaire Ruby Liu.
Hudson’s Bay Company landlords are seeking $2.4 million in legal costs from the collapsed retailer after a court battle over HBC’s plan to sell 28 mall leases to B.C.
billionaire Ruby Liu.
The landlords, including major firms like Cadillac Fairview and Oxford Properties, say they incurred significant expenses opposing the sale, arguing HBC pushed forward despite a settlement offer and flawed planning.
A court approved three lease transfers to Liu but rejected the rest, citing concerns over her suitability.
HBC opposes the cost recovery, warning it could deter future debt restructuring efforts, and is backed by lender Pathlight Capital, which says landlords already received rent and would profit unfairly.
The final decision rests with a judge.
Los propietarios de la Compañía de la Bahía de Hudson buscan $2.4 millones en honorarios legales después de que un tribunal bloqueó la mayoría de las ventas de arrendamiento de centros comerciales de HBC al multimillonario Ruby Liu.