Empire State Building Investors Again Sue Owners Over IPO

Law360, New York (January 6, 2014, 7:06 PM EST) -- The managers of the Empire State Building and the real estate investment trust recently created to hold it and a slew of other properties were hit with a proposed class action in New York state court Monday over their alleged refusal to entertain third-party bids for the building before rolling it into the REIT.

It's the second such suit filed against the board of Empire State Realty Trust Inc. and Malkin Holdings LLC in as many weeks, brought by members of Empire State Building Associates LLC...
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