Katan Sues CPC Over NYC Domino Sugar Waterfront Project

Law360, Los Angeles (March 21, 2012, 9:00 PM EDT) -- Real estate developer Katan Group LLC sued its partner in the 11-acre, 2,200-unit Domino Sugar Refinery waterfront residential housing project earlier this month, claiming CPC Resources Inc. breached a contract by moving forward with an unfavorable plan to restructure the project’s finances.

Katan filed the lawsuit in New York state court on Mar. 6, alleging that after the companies created Refinery Management LLC to develop the landmarked Domino Sugar building in the Williamsburg neighborhood of Brooklyn, CPC completely exhausted their shared $20 million in capital contribution...
To view the full article, register now.