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Charles Cohen Pays Off Judgment Debt Held by Fortress
Cohen Brothers Realty Corporation said Thursday that Charles S. Cohen has paid the full balance of the judgment debt held by Fortress Investment Group, reportedly $187 million, after more than two years of litigation. Davi dLópez, General Counsel for Cohen Brothers, said now that Cohen’s personal obligation to pay the Fortress judgment debt has been satisfied in full, the specter of a receiver being appointed has been vacated and rendered moot by operation of law.
Cohen was a 20+ year client of Fortress, and the many financings they closed were financially rewarding to both parties for over two decades. The relationship deteriorated in January 2024 when Cohen Brothers alleged that Fortress had reneged on a loan extension to a borrowing entity controlled by Cohen. Subsequently, a personal guarantee of loan principal from Cohen was adjudicated in favor of Fortress.
”Charles Cohen has always honored his personal obligations,” said López. “The pay-off of the outstanding balance of the Fortress judgment is consistent with Mr. Cohen’s integrity and confirms his character as an honorable businessman.”
Pictured: Charles Cohen at the 2013 Miami International Film Festival. Photo credit: MiamiFilmFestival.
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