NYC Developers Sue McDonald's Over Bankruptcy Claims

Law360, New York (November 16, 2011, 11:26 PM EST) -- The developers of a defunct Manhattan condominium project, One Madison Park, hit McDonald's Corp. with a lawsuit Friday in an attempt to lower the priority of the fast-food giant's claims in the developers' bankruptcy cases.

The adversary proceeding brought by FKF Madison Group Owner LLC and four others claims McDonald's is wrongly seeking specific performance based on two agreements it entered into surrounding the One Madison Park project — one with the debtors and one with their predecessors to the property — that it claims have...
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