Grubb & Ellis Faces $30M Suit Over Office RE Scheme

Law360, New York (October 5, 2012, 1:51 PM EDT) -- Owners of a Durham, N.C., office complex reached a deal to pursue part of their more than $30 million suit against bankrupt Grubb & Ellis Co. over the alleged misrepresentation of the building and local real estate market, according to a stipulation approved Thursday.

U.S. Judge Martin Glenn of the the Southern District of New York's bankruptcy court signed off on a stipulation to partially lift an automatic stay that had been placed on the bankrupt Grubb & Ellis, allowing NNN Durham Office Portfolio 1 LLC...
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