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Copper Property CTL Pass Through Trust filed a complaint in Massachusetts Superior Court against Anton Melchionda and…
CPPTLCopper Property CTL Pass Through Trust
Copper Property CTL Pass Through Trust filed a complaint in Massachusetts Superior Court against Anton Melchionda and Onyx Partners Ltd., LLC for common law fraud, unfair business practices, and tortious interference. The lawsuit alleges that the defendants falsely represented they had secured $947 million in funding to purchase 117 retail properties from the trust, inducing the trust to sign a purchase agreement and grant multiple closing extensions. When the defendants failed to close by December 2025 due to lack of funds, they filed over thirty notices of pendency across four states to cloud title and initiated litigation seeking specific performance of the terminated contract. The trust seeks damages exceeding $150 million for losses incurred from the defendants' scheme to hold the assets hostage. This company operates as a liquidating real estate trust formed during J.C. Penney's bankruptcy to manage and sell retail store properties.