MTA Must Shell Out To Ousted Retailers: NY Court

Law360, New York (January 31, 2012, 6:48 PM EST) -- The New York State Supreme Court ruled on Friday that the Metropolitan Transportation Authority cannot avoid paying millions of dollars to retailers ousted by a development project simply because it is already required to shell out $35 million to the property owner affiliated with the tenants.

State Supreme Court Justice Martin Shulman brushed aside the MTA’s claim that the three food-service tenants and the property owner, DLR Properties LLC, a company controlled by franchise restaurateur Dennis Riese, should be treated as a single entity, which would...
To view the full article, register now.