April 1998
Interbank offers Dillard-Winecoff (DW) a 6-month, $1.8 million loan for the purchase of the historic Winecoff Hotel.
December 1998
The 6-month loan agreement between Interbank and DW expires, and DW is subsequently forced to file Chapter 11.
January-February 1999
Interbank makes a collateral assignment of the Winecoff to Atlantic Bank of New York. Interbank illegally sends DW a “Notice of Default,” even though Interbank no longer holds ownership to the property.
March-May 1999
Still acting as DW's fiduciary, Interbank declines five funding offers, and in May forecloses on the property, even though it no longer owns it.
June-September 1999
Interbank declines five more offers on the Winecoff even though it no longer owns it, and in September, DW files suit, which is dismissed on grounds of bankruptcy estoppel. DW appeals the decision.
July 2001
The Georgia Court of Appeals reverses the trial court decision and Interbank appeals to the Georgia Supreme Court.
November 2002
The Georgia Supreme Court upholds the Court of Appeals' decision, thus giving DW the legal right to sue Interbank Funding.
February 2003
The Trial Court Judge recuses herself from trying the case again because her husband has an indirect financial interest in the Winecoff Hotel.
March 2003-May 2005
DW amends the lawsuit to include Kelco FB/Winecoff and awaits a new trial to determine ownership of the property.
