Aug. 19 (Bloomberg) -- Bloomberg News reporter Oshrat Carmiel talks about today's postponement of a foreclosure auction for New York's Stuyvesant Town-Peter Cooper Village apartment complex after senior creditors sued to block a group led by Pershing Square Capital Management LP from gaining control. Bill Ackman's Pershing Square and Winthrop Realty Trust had planned an Aug. 25 foreclosure auction after buying mezzanine debt on Manhattan's largest apartment complex. Carmiel speaks with Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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