NYC Developer Drops Bid To Force Out Building Investor

Law360, New York (March 1, 2012, 5:00 PM EST) -- A real estate developer has dropped efforts to force a minority interest holder in a 396-unit New York City apartment building to sell its stake, an attorney told a New York state judge Thursday.

James M. McGuire of Dechert LLP, who represents an affiliate of the majority owner and developer Third IR Realty Corp., told Judge Shirley Werner Kornreich that a preliminary injunction was no longer needed, now that the developer has agreed not to try to force the minority owner to sell its stake in...
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