Philly Music Venue Operator Launches Fraud Suit Over Lease

Law360, New York (April 25, 2013, 6:31 PM EDT) -- Arena Operating LLC, which operates Philadelphia music venue the Trocadero Theatre, launched a suit in Pennsylvania state court Tuesday, alleging the owners of another venue, Asylum Arena, fraudulently leased their venue to Arena Operating when they had already executed multiple agreements with other entities for the space.

Arena Operating claims Stein & Silverman Family Partnership LP and its principals, Leon Silverman and Elias Stein, entered into a lease agreement with Arena Operating in July 2011 while concealing the fact that they already had a signed, written...
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