The Empire State Building's legal battles rage on, as shareholders filed another lawsuit against the Malkin family and real estate trust investment executives yesterday. It alleges that they acted out of self-interest when taking the tower public, ultimately ignoring lucrative offers from interested parties like Rubin Schron and Joe Sitt that would have netted $500 million more for shareholders. We've heard this cry before, plus there's also a third suit over the IPO that was settled. [TRD; previously]
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