Verizon Freed From Allegations It Secretly Overbuilt NY Tower

Law360, New York (June 13, 2012, 2:08 PM EDT) -- A New York state judge on Monday dismissed a lawsuit alleging that Verizon Communications Inc. lied about the square footage of a 32-story Manhattan tower to hush up the fact that the building exceeded limits set under a development agreement with a city real estate fund.

The New York City Education Construction Fund, the city agency that arranged in the early 1970s to have Verizon develop the tower at 375 Pearl Street, had accused Verizon of disguising 275,000 square feet as mechanical space to skirt a...
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