Following business and economy news from Connecticut
Provided by AGPBy AI, Created 11:45 AM UTC, May 20, 2026, /AGP/ – Real estate developer James McManus used a national radio appearance to spotlight a dispute with Fairbridge Asset Management over seized property and LLC interests. McManus says the action came while he was recovering from sextuple heart bypass surgery and after he had kept up with loan payments.
Why it matters: - The dispute centers on whether Fairbridge Asset Management wrongly put James McManus into default and seized his property and LLC interests. - McManus says the case shows how a borrower can lose assets during a medical crisis even after maintaining loan payments. - The matter is already in federal court under case number 1:25-cv-10573.
What happened: - McManus, a New York and Connecticut real estate developer, discussed the conflict on The Frankie Boyer Show. - The program aired nationally on BizTalkRadio and on WGCH in Connecticut. - McManus says Fairbridge Asset Management seized his property and LLC interests while he was recovering from sextuple heart bypass surgery. - McManus says he had maintained a consistent payment history on the loan. - McManus says Fairbridge Asset Management is led by John Lettera, whom he describes as a former childhood friend. - McManus says institutional investors managing billions of dollars back Fairbridge Asset Management.
The details: - McManus said during the broadcast, “This isn’t just about me. It’s about exposing a system that can take everything from someone even when they’ve done nothing wrong at their most vulnerable moment.” - Frankie Boyer said the story highlights personal challenges that can arise during complex financial disputes and the importance of transparency and communication throughout the lending process. - The full interview is available here. - Attorney Andrew C. Laufer was listed with the phone number 1 (212) 422 1020. - Media contact information listed Mark Goldman of Goldman McCormick PR at +1 516-639-0988.
Between the lines: - The radio appearance appears designed to broaden public attention on a private legal and financial dispute. - McManus is framing the case as both a personal hardship and a wider warning about lender conduct during borrower vulnerability. - The inclusion of a federal case number suggests the dispute is active and likely headed through litigation rather than informal resolution.
What’s next: - The court case is expected to continue under docket 1:25-cv-10573. - Public attention may grow if additional court filings or media appearances follow. - The linked interview provides the clearest public account so far of McManus’s version of the dispute.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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