NY Landlord Says DSW Must Pick Up Filene's Lease

Law360, New York (February 13, 2012, 6:47 PM EST) -- The landlord of a Manhattan retail complex filed a breach of contract suit against shoemaker DSW MS LLC in New York state court Friday, claiming DSW is responsible for a commercial lease that belonged to now-bankrupt Filene's Basement through 2024.

The landlord, 4 Union Square South LLC, said DSW is legally on the hook for the remainder of the lease because of its May merger with Retail Ventures Inc., Filene's former owner, which assumed the liability from Filene's during bankruptcy proceedings.

The dispute centers on a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.