Cook County Circuit Judge Ellis Reid ruled that Met Life acted in bad faith by asking the Kennedys for a $47.5 million payment as a prepayment penalty. The Kennedys paid the loan off early when they sold the Mart to Vornado Realty Trust for $625 million.
The insurer has been asked to post a $20 million bond while it considers whether or not to appeal. Chris Kennedy still runs the Merchandise Mart as president.
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