Another investment group has launched a legal effort for a chunk of the massive profits that a real estate firm earned from the default, foreclosure and 2015 sale of the twin East Side residential complexes Stuyvesant Town and Peter Cooper Village. A Cayman Islands-based entity called Cobalt filed a federal lawsuit in U.S. Southern District Court on Dec. 1 alleging that CWCapital, a real estate servicing firm owned by the alternative-investment fund Fortress, netted more than $ 1 billion from fees and other charges it collected as the special servicer for a $ 3.4 billion portfolio of commercial mortgage securities owned by Cobalt.
