Ex-Empire Land CEO, Attys Face Sanctions Bid In Ch. 7

Law360, New York (March 20, 2012, 12:59 PM EDT) -- The bankruptcy trustee for real estate developer Empire Land LLC sought sanctions Friday against former CEO James Previti and his counsel for demanding the trustee pay $50 million for allegedly dragging Previti into a suit over a doomed real estate project in California.

The dispute between Empire's Chapter 7 trustee Richard K. Diamond and Previti stems from Empire’s failed Anaverde real estate development project in Palmdale, Calif. Palmdale Land Investors LLC purchased a 49.9 percent stake in the project, and later claimed Empire had concealed its...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Empire Land, LLC


Case Number

6:08-bk-14592

Court

California Central

Nature of Suit

Date Filed

April 25, 2008

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.