In the latest win for the developers of 111 West 57th Street, a federal court judge on Friday tossed AmBase Corporation’s lawsuit that accused JDS Development and Property Markets Group of conspiring to squeeze the Connecticut-based company out of its stake in the supertall. U.S. District Court Judge Analisa Torres dismissed AmBase’s complaint, which alleged that the developers arranged “an elaborate and long-running fraudulent scheme” to cheat the holding company out of what ultimately amounted […]
source https://therealdeal.com/2018/10/29/stern-maloney-notch-huge-legal-victory-in-fight-over-111-west-57th-street/
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