Real Estate Co. Ends Suit Over Manhattan Condo Defects

Law360, New York (August 7, 2012, 4:39 PM EDT) -- Waverly Properties LLC and BKSK Architects LLP resolved their contract dispute over three multimillion-dollar Manhattan condominium units that Waverly claimed were riddled with expensive and dangerous defects when a federal judge signed off on their joint stipulation for dismissal Tuesday.

Waverly and the defendants — BKSK, KMG Waverly LLC and some individuals — notified the court in April that they had settled the dispute over structural problems in several luxury Waverly Place condominium units in Manhattan's West Village neighborhood.

U.S. District Judge Paul A. Englelmayer’s order...
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