A provision of a plan to take properties including New York’s Empire State Building public, which allowed the owners of the skyscraper to buy out investors who didn’t vote for the deal, was upheld by a state appeals court.
Composting, farming, and exercising the legal right to get married all improve urban life, according to guests from Harlem to Park Slope who gathered at last night’s benefit for the Citizens Committee for New York City.
Bank of New York Mellon Corp., the trustee that negotiated Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors, said it will appeal the portion of a New York state judge’s ruling approving the pact that excluded claims over modified loans.
Customers of former Jefferies & Co. managing director Jesse Litvak told a jury during his fraud trial that they still got good deals on the bonds they bought through him even with his alleged misrepresentations.
An employee of Two Sigma Investments LLC, an $18 billion quantitative hedge fund, was charged by New York prosecutors with stealing computer data from the company, the latest in a growing number of proprietary financial firm theft cases brought by the Manhattan district attorney.
In New York, 69 percent of the population rents and the remaining 31 percent are homeowners. And in the past year the New York real estate market has seen an 9.3 percent increase in value, with a median sales price of $565,900, according to Zillow.