In February, Endi asked a bankruptcy court in New York to dismiss its Chapter 11 filing, saying it was negotiating with Fannie Mae. The case was dismissed.
But talks between Endi and Fannie Mae failed, and on June 6, St. Louis District Judge Eric Hylden ordered Endi Plaza into receivership.
Endi promptly filed for Chapter 11 protection again in New York to freeze the takeover. In court filings, Fannie Mae called Endi’s second bankruptcy “fraudulent” and in violation of Hylden’s order.
Fannie Mae, a government-sponsored credit provider, asked the bankruptcy court to dismiss the latest Endi filing, and the court obliged.
Thus, Hylden’s receivership order is back in effect, Fannie Mae said in a recent state court filing.
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