Lehman REIT Asks Judge To Confirm Arbitration Win

Law360, Los Angeles (November 7, 2011, 10:19 PM EST) -- Archstone-Smith Operating Trust asked a California judge Monday to confirm an arbitration panel’s bellwether ruling that the real estate investment trust is not liable for over $100 million in investor income taxes triggered by its 2007 leveraged buyout by Lehman Brothers Holdings Inc.

The Oct. 26 decision by a six-member panel of arbitrators found that Archstone didn’t owe investor Howard F. Ruby and others over $100 million in tax payments triggered when Lehman and Tishman Speyer Properties LP purchased the company for $22 billion in a...
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