Katan Wins Stay Of $180M Domino Sugar Site Sale

Law360, New York (September 28, 2012, 2:47 PM EDT) -- A New York appellate judge on Thursday agreed to stay the $180 million sale of a former Domino Sugar factory site in Brooklyn to Two Trees Management Co. LLC while the court considers developer Katan Group LLC's request to appeal an order greenlighting the deal.

Katan, which has filed four lawsuits against its joint venture partner CPC Resources Inc. over the planned sale of the 11-acre property, sought to block the implementation of a Sept. 20 order from a trial judge in the third suit that...
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