KSW Investor Sues To Block $32M Sale To NY Real Estate Co.

Law360, New York (September 18, 2012, 6:12 PM EDT) -- A KSW Inc. shareholder launched a putative class action Tuesday claiming a $32 million deal for real estate developer The Related Cos. LP  to buy the Queens, N.Y.-based heating and air conditioning installer unlawfully advances the interests of KSW CEO Floyd Warkol at investors' expense.

Plaintiff investor Special Trading Fund filed a suit in New York state court claiming Warkol and KSW's directors concealed important information from rank-and-file investors when they circulated a plan to sell the Nasdaq-traded company.

Despite KSW's strength and potential for future...
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