Credit: amnaj/Adobe Stock $90M Suit Between Business Partners Over Real Estate Investment Lands in Chancery Court
This suit was surfaced by Law.com Radar. Read the complaint here.
December 29, 2022 at 12:43 PM
1 minute read
Real EstateNew York REIT Liquidating LLC filed a lawsuit Wednesday in Delaware Court of Chancery to resolve a $90 million dispute with a former business partner over funds placed in reserve in a real estate investment transaction. The plaintiff, which is in liquidation, is represented by Debevoise & Plimpton; Kluger, Kaplan, Silverman, Katzen & Levine; and Ashby & Geddes. The lawsuit names WWP JV LLC, which claims that releasing the funds would breach obligations related to the parties' 2017 LLC agreement. Counsel have not yet appeared for the defendant. The case is 2022-1201, New York REIT Liquidating LLC v. Wwp JV LLC.
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