Judge dismisses suit against Empire State executives

New York State Supreme Court Justice O. Peter Sherwood threw out a lawsuit that Empire State Realty Trust shareholders filed against company executives Peter and Anthony Malkin. The suit alleged that the Malkins cheated shareholders out of $410 million in profit when the company converted to a REIT. The judge ruled that the investors had agreed not to sue in a related case.

View Full Article in:

USA Today · Chicago Tribune (tiered subscription model) · GlobeSt.com

Published in Brief: