FreshDirect Beats Suit Over Bronx Warehouse Subsidies

Law360, New York (June 3, 2013, 4:25 PM EDT) -- A New York state court has dismissed a challenge to some of the nearly $130 million in subsidies offered to FreshDirect LLC in connection with a plan to develop a shipping facility in the Bronx, the online grocer said Friday.

FreshDirect CEO Jason Ackerman said that a state judge threw out the lawsuit filed by community groups South Bronx Unite and Friends of Brook Park, as well as several individual residents. The groups had challenged the legality of subsidies bound for FreshDirect, arguing in part that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.