litigation
confidence high
sentiment negative
materiality 0.75
Copper Property Trust sues Melchionda and Onyx for fraud over failed $947M sale
Copper Property CTL Pass Through Trust
- Filed complaint Aug 25, 2026 in Suffolk Superior Court (docket 2684CV02549-BLS1) vs Anton Melchionda and Onyx Partners for fraud, tortious interference.
- Alleges defendants misrepresented funding to win June 16, 2025 PSA for 119 retail properties valued at ~$947.0M; deal terminated Dec 2025 after missed closing.
- Defendants filed 30+ lis pendens in 4 states clouding title; trust claims damages over $150M from interference and a stalled liquidation.
- Competitive process drew ~500 NDAs; trust says it would have sold to other bidders absent fraud, targeting Jan 30, 2026 wind-down.
Featured in Daily 8-K Digest
Selected #8 for 2026-08-26.
Read digest