Cushman Says Bank Plotted To Shirk Real Estate Commissions

Law360, Philadelphia (October 10, 2012, 3:42 PM EDT) -- Real estate broker Cushman & Wakefield of Pennsylvania Inc. filed a complaint against National Penn Bank in Pennsylvania court Monday, contending the bank had attempted to skirt its obligations to pay more than $500,000 in commissions for a real estate transaction.

Cushman claimed it had negotiated a lease renewal between the bank and a tenant. But shortly after notifying the broker it did not intend to pay the agreed-upon commission, the bank sold the building to its associates, who immediately signed the tenants to a lease....
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