Pa. Court To Rethink Slashing Safeway Unit's $18M Judgment

Law360, Philadelphia (October 8, 2013, 6:01 PM EDT) -- The Pennsylvania Superior Court said last Wednesday that it would rehear a dispute over a Safeway Inc. unit’s bid to escape a lease after a July ruling vacated an $18.5 million judgment in the case based on findings that damages needed to be reduced to present value.

The court’s full complement of judges will reconsider a split panel decision finding that developer Newman Development Group of Pottstown LLC was entitled to only the present value of its lost rent damages after Genuardi’s Family Market Inc. backed...
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.