Davis Polk Sues NY Landlord Over $63M Rent Bill

Law360, New York (April 19, 2012, 5:09 PM EDT) -- Davis Polk & Wardwell LLP on Thursday sued Lexington Operating Partners LLC, the landlord of its New York office, seeking to clarify the arbitration process being used to resolve their dispute over Lexington’s $63 million proposed annual rent bill.

The law firm is seeking a judicial order that would require a single arbitrator to hear the disagreement over the asking rent for its 650,000-square-foot Midtown office, which has been brewing since December. The firm is seeking to sign a new 10-year lease starting June 1, which...
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