Legal Battle Heats Up as Loop Capital Seeks Exit from $40M Diamond District Development Lawsuit
Richmond, Va. – A finance giant has requested to be excused from a hefty $40 million lawsuit centered around the development of Richmond’s Diamond District, a sprawling urban redevelopment project once co-managed by the firm. Loop Capital, a Chicago-based investment bank, along with Thalhimer Realty Partners, finds itself entangled in legal disputes after supposedly departing from a former partnership with Republic Properties, the Washington D.C.-based company that initially spearheaded the development. The discord traces back to a reorganization of the project’s leadership. After a fallout with Republic Properties in May 2023, Loop Capital and Thalhimer … Read more