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2nd Circ. Shuts Door On Developer's Apartment Buyout Suit

By Kurt Orzeck (July 31, 2013, 4:39 PM EDT) -- Real estate developer Pitcairn Properties Inc. on Wednesday in the Second Circuit lost its bid to revive its lawsuit claiming LJL 33rd Associates violated its fiduciary duties in its bid to take over a jointly held New York luxury apartment building valued at up to $80 million....

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