Word: lawsuit
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Lawyers for the developer—as well as many of the board members—said they were concerned that residents were raising issues that fall outside of the board’s purview. They noted that the residents have filed a lawsuit, and that it addresses many of the issues—such as the ownership of and access to the square—that the residents brought before the zoning board last night...
...compensation set aside for Big Board chairman Dick Grasso. But when Grasso, CEO of the New York Stock Exchange, tried in 2003 to cash in early, the revelations about his staggering paycheck triggered an imbroglio that ended his eight-year reign as King of the Club and brought a lawsuit by then New York Attorney General Eliot Spitzer. Was Grasso, who was interviewed for the book, a victim of the post-Enron era or just another fat-cat CEO? Both. Gasparino insists that Grasso was "one of the most remarkable men Wall Street and corporate America has ever seen...
Harvard is disputing a lawsuit brought by a real estate developer that accuses the University of backing a loan with an interest rate that exceeds legal limits, according to court documents. The lawsuit, filed by Fred Fahey, claims that Realty Financial Partners—a company which Harvard and other institutions have invested in—charged an interest rate on a $6.7 million loan of 42 percent, exceeding the state limit of 20 percent set under the Criminal Usury Act. Fahey, a real estate developer in Dracut, Mass., took the loan to finance a 186-home community and golf...
...real estate developer accused Harvard of backing a loan with 42 percent interest—twice the legal limit—in a lawsuit filed last week. Fred Fahey, the developer who filed the suit, charged that Harvard and other institutions, including endowments at Yale and Princeton, violated a law that was intended to curb loan sharks, who impose excessive rates on borrowers, often backed by threats of violence. The lawsuit claimed that Harvard and the other institutions invested in Realty Financial Partners, which charged an interest rate that exceeded state limits. Other parties that were named in the suit...
FRANK GEHRY, architect of Bilbao's Guggenheim Museum, referring to the lawsuit recently filed against him by MIT, which says his flawed design of the school's $300 million Stata Center caused mold, leaks and drainage problems...