By  on March 13, 2008

The legal battle between Ralph Esmerian, owner of Fred Leighton, and Merrill Lynch is heating up, with everything from Esmerian's home to potentially the Leighton business on the line.

Esmerian has been tangling with Merrill Lynch Mortgage Capital in New York Supreme Court since January over the $183.3 million the financial giant said it is owed on two loans that went sour. Esmerian has since paid down $10 million of the loan.

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