Carolina Panthers owner David Tepper’s bankrupt real estate development firm is facing a lawsuit from a South Carolina city that alleges contract breaches over a deal to build the NFL team’s new headquarters.
The city of Rock Hill is seeking $20 million in actual damages, plus compensation and punitive damages, for a deal gone bad earlier this year that ultimately led Tepper’s GT Real Estate Holdings LLC into bankruptcy.
GT Real Estate came up short on a multi-faceted agreement that would have enabled Rock Hill to raise $135 million in bond financing for the roughly $800 million project, the city ...
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