07:35 AM EDT, 05/15/2026 (MT Newswires) -- Pimco and Legal &General Group (LGEN.L) face a lawsuit in the English High Court in London over allegations of putting "undue pressure"on valuers in a dispute over the 1.2 billion-euro valuation of a skyscraper in Brussels, Belgium.

Bloomberg News reported Friday, citing documents lodged in London and New York courts, that the owner of The Finance Tower, JR Global REIT, which entered into insolvency in April, filed a lawsuit seeking to block an attempt by its lenders to freeze rental income.

Pimco and Legal &General Group (LGEN.L) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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