Town Residential Heads Settle $60M Leadership Row

Law360, New York (March 5, 2014, 8:32 PM EST) -- The two men at the head of Town Residential, Andrew Heiberger and Joseph Sitt, have settled a heated legal dispute over the leadership of the company, an attorney for Town told Law360 on Wednesday.

The dispute began in January after Sitt ousted Heiberger as CEO, and Heiberger alleged that the latter, who founded the company, had failed to meet financial targets that the two had agreed upon when they first went into business together in 2011.

Heiberger responded with a lawsuit in state court alleging breach...
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