The legal war over 111 West 57th Street is opening along another front. Hedge fund IsZo Capital sued Richard Bianco, the head of the project’s former majority owner AmBase Corp., and his family for failing prevent the tower’s foreclosure and for allegedly scheming to enrich himself at the expense of shareholders. IsZo, a major shareholder of AmBase, seeks unspecified damages. It also wants to undo a litigation funding agreement that would land Bianco a […]
source https://therealdeal.com/2018/04/06/hedge-fund-sues-ambase-over-111-west-57th-street-investment-debacle/
No comments:
Post a Comment