Suit Over $200M UN Plaza Deal Sent To Arbitration

Law360, New York (January 14, 2014, 7:22 PM EST) -- A New York state judge on Monday dismissed a suit brought by would-be investors in 866 United Nations Plaza over the $200 million sale of the building by Vornado Realty Trust, finding the matter should be settled in arbitration.

The plaintiffs — one half of the management of the investor group set up to help raise funds for the purchase of the building on behalf of United Realty Partners — had asked New York State Justice Eileen Bransten to enforce an operating agreement with the other...
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