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May 12, 2009
Appellate Division Agrees, One Ratner Lease Is Void
Brooklyn Daily Eagle
By Ryan Thompson
The Appellate Division, Second Department in Brooklyn Heights upheld a Kings County Supreme Court judge who ruled that a tenant’s lease assignment was improperly made to Forest City Ratner and therefore void.
...
A Ratner spokesperson said that the ruling... will likely not cause any further delays to the multi-billion dollar project....But the ruling in the case 752 Pacific, LLC v. Pacific Carlton Development Corp. could cause additional legal hurdles for the litigation-plagued project that once had expected to bring the New Jersey Nets to Brooklyn as early as 2006.
Posted by lumi at May 12, 2009 5:29 AM