Toys ‘R’ Us Says It Overpaid $10M For Times Square Store

Law360, New York (May 1, 2012, 3:22 PM EDT) -- Retailer Toys “R” Us-Delaware Inc. on Friday accused the landlord of its flagship Times Square location of miscalculating the toy store’s tax liability, which it claims led to more than $10 million in overcharges during the past 12 years.

44-45 Broadway Realty Co. LLC, which owns the building at 1514-1530 Broadway, charged Toys “R” Us for signage not associated with the toy store chain that inflated the value of the building — and, subsequently, TRU’s bills — according to a complaint TRU filed Friday in New...
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.