NY Landlord Can't Sue Charity Over $200M Hotel Damage

Law360, New York (November 14, 2013, 1:57 PM EST) -- Property owner JFK Holding Co. LLC cannot pursue a $200 million breach of contract claim against The Salvation Army over alleged damage to a Queens building once used as a city homeless shelter, New York's top court held Thursday, reversing a midlevel state appellate court. 

In a 6-0 decision, the New York State Court of Appeals said the charity couldn't, under the plain language of the lease, be sued for failing to demand more from New York City, the ultimate payor under the lease, for alleged...
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.