Conseco Wins Bid To Ax Suit Over GM Building Sale

Law360, New York (December 9, 2009, 7:55 PM EST) -- A federal judge has tossed a suit brought by real estate owner Sheldon H. Solow accusing reorganized insurance and financial services company Conseco Inc. and its Carmel Fifth LLC unit of bid-rigging in connection with the $1.4 billion sale of its General Motors Building in New York.

Judge Barbara S. Jones of the U.S. District Court for the Southern District of New York granted Conseco's motion for summary judgment on Tuesday, agreeing with the company's main argument that Solow's remaining claims for breach of duty to...
To view the full article, register now.