DelShah Loses Fraud Suit Over $4M Loss In Condo Conversion

Law360, New York (May 29, 2013, 3:42 PM EDT) -- A New York federal judge on Tuesday tossed a securities fraud suit tied to a failed commercial-to-residential condominium conversion, finding that Zamir Equities LLC hadn't misrepresented the project and that DelShah Capital LLC's $4 million investment loss was a product of its own mistakes.

The decision follows nearly three years of litigation and, most recently, a bench trial that spanned several months, surrounding the project at 40 Broad St. in Manhattan, according to court documents. DelShah had claimed that Zamir misled it about the project's progress...
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Case Information

Case Title

Delshah Group LLC v. Javeri et al

Case Number



New York Southern

Nature of Suit



Katherine B. Forrest

Date Filed

August 5, 2009

Law Firms

UK Financial Services

UK Financial Services

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