Conix Says Partner Sank $81M Houston Apartment Deal

Law360, New York (September 20, 2012, 6:42 PM EDT) -- Private real estate investment company Conix Inc. on Wednesday sued property manager The Lynd Co. and a related fund in Arizona for breach of contract and defamation related to the failure of an $81 million deal for 5,400 units in multifamily apartment projects in Houston.

The suit alleges Lynd breached a confidentiality agreement with Conix when it sought to “steal” an agreement for the sale of the properties by defaming the company in an email to the seller, John Quinlan, claiming that Conix was not financially...
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