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Judge Sides With Developer in 30 Lincoln Plaza PriceChop Suit

The tenants who sued over too-low prices at 30 Lincoln Plaza are officially out of luck: The Real Deal reports that a state Supreme Court judge has sided with the developer. The tenants originally received discounts about 25 percent off the public prices, and 45 of them took the plunge to buy. But then the non-tenant prices went even further down, and the tenants went to court to fight against the attorney general's approval of the condo conversion. They argued that the developer was using a fire sale to make the offering plan effective and asked to back out of their purchases and get their deposits back. No such luck! No word on whether the tenants have any other moves planned, but we don't see much wiggle room on this one.
· Supreme Court concurs with ruling for developers in 30 Lincoln Plaza rescission case [Real Deal]
· Tenant Buyers at 30 Lincoln Plaza Sue Over 'Fire Sale' [Curbed]