Developer Can't Shake $400M Row Over Philly W Hotel

Law360, Philadelphia (September 24, 2013, 6:22 PM ET) -- A Pennsylvania state judge on Tuesday tossed out several claims in a suit accusing developer Brook Lenfest of squeezing his erstwhile partners out of a $400 million hotel construction project, but preserved allegations of breach of fiduciary duty and usurpation of a corporate opportunity.

While Judge Gary Glazer of the Philadelphia County Court of Common Pleas left a handful of major claims intact, investor Brook Lenfest escaped claims of fraud and conversion over his allegedly arranging to auction off a prime piece of vacant Center City...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers