Vornado Unit Says Guaranty Binds DSW To Filene Lease

Law360, New York (November 20, 2012, 7:29 PM EST) -- A New York state judge stayed discovery in a suit against DSW MS LLC until he decides if a guaranty provision puts DSW on the hook for rent owed by its liquidated sister, Filene’s Basement, as a Vornado Realty Trust unit argued Tuesday.

U.S. District Judge O. Peter Sherwood granted the motion to stay filed by Vornado unit 4 Union Square South LLC, but declined to rule immediately on its separate motion requesting summary judgment on DSW's liability. The Vornado unit contends that as successor in...
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