Saudi Prince Hits LA With $25M Suit Over Halted Mansion

Law360, Los Angeles (February 7, 2013, 5:58 PM EST) -- A property management company owned by a Saudi prince hit the city of Los Angeles with a $25 million lawsuit Tuesday for allegedly abusing its power to stop the construction of a 60,000-square-foot property in Benedict Canyon, near the estates of Jay Leno and Bruce Springsteen.

Tower Lane Properties Inc. owner Prince Abdulaziz bin Abdullah bin Abdulaziz Al-Saud, who also serves as the deputy foreign minister of Saudi Arabia, bought the secluded property in 2009 with the intent to build residences for himself and his family....
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