IStar Seeks Sanctions In $134M RE Contract Fight

Law360, New York (May 25, 2012, 4:46 PM EDT) -- Real estate investor iStar Financial Inc. asked a Maryland federal judge Thursday to sanction homebuilders U.S. Home Corp. and Lennar Corp. and their attorneys in a dispute over a $134 million land sale, saying their second amended complaint ignores court orders and state law.

U.S. Home and its parent company Lennar brought their original complaint in July 2008, accusing developers Settlers Crossing LLC, Washington Park Estates LLC, Bevard Development Co. and Steven B. Sandler, and property owner iStar of wrongfully attempting to coerce U.S. Home to...
To view the full article, register now.