Gramercy Celebrates Strong Returns as Mass Tort Firm Rueb Stoller Daniel Successfully Refinances $85 Million Loan
Greenwich, Connecticut — Investment manager Gramercy has delivered promising returns to its investors following the successful refinancing of a substantial loan to a mass tort law firm. This development stands out as a rare positive amid a downturn in mass tort revenues. The law firm Rueb Stoller Daniel effectively managed to refinance its $85 million loan from Gramercy, a move made possible by the settlement of cases that exceeded the loan balance by 135 percent. This information was shared with Gramercy’s investors in a letter dated April 11, which has been seen by sources in … Read more