NYC Condo Board Hits Developers With $153M RICO Suit

Law360, New York (August 7, 2012, 5:16 PM EDT) -- The condo board for a 23-story tower in the Dumbo neighborhood of Brooklyn, N.Y., last week hit the building's sponsors, architects and engineers with a $153.5 million racketeering lawsuit claiming they covered up nearly 100 fire and safety violations in order to obtain a certificate of occupancy.

Brooklyn developer Jeshayahu Boymelgreen, 85 Adams Street Managers LLC, architect John A. Cetra and a host of other entities affiliated with the Beacon Tower allegedly misrepresented the building's condition in marketing materials and continued to rely on those materials...
To view the full article, register now.