8th Circ. Revives Best Buy Suit Over DDR Mall Leases
By Steven Melendez
Law360, New York (February 21, 2012, 9:56 PM ET) -- The Eighth Circuit on Tuesday affirmed a ruling that Developers Diversified Realty Corp. affiliates violated leases with Best Buy Stores LP by self-insuring part of their shopping centers' liability coverage, but said further litigation is needed to determine their exact liability.
A three-judge appeals panel upheld a Minnesota federal court ruling in favor of Best Buy for breach of contract, but sent the case back to the lower court to determine whether DDR could be held liable for lease years prior to the start of the...