Bondholders Allege American Dream Mall Colluded to Cut Value

A New Jersey town and owners of the American Dream mall colluded to reduce the assessed value of the shopping and entertainment complex in a move that now jeopardizes repayment...

By Martin Z Braun · Bloomberg Markets

A New Jersey town and owners of the American Dream mall colluded to reduce the assessed value of the shopping and entertainment complex in a move that now jeopardizes repayment of $800 million in municipal debt, bondholders alleged in a lawsuit.