Investment Co. Rips Suit Over Chicago's $563M Garage Lease

Law360, Chicago (May 7, 2013, 2:26 PM EDT) -- An investment entity owned by two Morgan Stanley units asked an Illinois court Friday to dismiss a taxpayer group's lawsuit challenging Chicago's $563 million parking garage lease deal with the company, saying that the group lacks standing and that the deal doesn't improperly restrict the city's powers.

Chicago Loop Parking LLC is looking to topple the suit taxpayer group Independent Voters of Illinois Independent Precinct Organization and Chicago citizen Aviva Patt lodged against the company and Chicago Comptroller Amer Ahmad in February over the city's agreement...
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