A U.S. Court of Appeals upheld a ruling against Extell, developers of the Upper West Side's Rushmore, last week, requiring Extell to hand over $16 million in deposit refunds to 41 buyers. But the law firm holding the deposits in escrow still hasn't released them and "has applied to the court for direction," the firm tells the Wall Street Journal. This means Extell could be considering further legal action. This time, maybe something stronger than the typo defense? [WSJ]
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