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Pa. High Court Backtracks On Appeal In $2M Real Estate Feud

Law360, Philadelphia (May 13, 2015, 2:11 PM EDT) -- The Pennsylvania Supreme Court on Tuesday axed an appeal it had previously accepted in a dispute over a $2 million judgment that was written into a contract and imposed against a real estate developer for failing to sell a group of luxury townhouses at the original asking price.

The justices, who agreed to hear the case in December after the state’s Superior Court affirmed a ruling rejecting efforts the strike a confession of judgment that DNB First NA had included in its loan agreement with the developer, ended the dispute with a one-page order declaring that the appeal had been “improvidently...

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