Solow Drops Fraud Suit Over $1.4B GM Building Sale

Law360, New York (April 6, 2010, 1:41 PM EDT) -- Real estate mogul Sheldon H. Solow has dropped bid-rigging and fraud claims against reorganized insurance and financial services company Conseco Inc. and its Carmel Fifth LLC unit, ending litigation sparked by Conseco's $1.4 billion sale of the General Motors Building in New York City to a bidder competing against Solow.

The two parties agreed to dismiss the suit with prejudice, rendering moot Solow's appeal of an earlier ruling dismissing his case, according to a joint stipulation lodged Monday with the U.S. District Court for the Southern...
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