April 14, 2017 / 12:06 PM / 3 months ago

BRIEF-U.S. court of appeals affirms earlier judgment in favor of iStar

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April 14 (Reuters) - iStar Inc:

* US court of appeals affirms judgment in favor of iStar

* Court affirmed judgment in matter of U.S. Home Corporation v. Settlers Crossing, L.L.C., iStar Inc. et al

* Court determined that company was entitled to specific performance from Lennar in amount of remaining $114 million purchase price due under land contract

* Court also determined company entitled to interest on unpaid amounts at rate of 12.0% per annum from and after May 27, 2008 until paid, of about $121 million Source text for Eikon: Further company coverage:

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