Broker Timothy King (left) is suing Paul Massey’s firm Massey Knakal

Despite a year passing since broker Timothy King filed a $3 million
lawsuit accusing his former partners Paul Massey and Robert Knakal of
Massey Knakal Realty Services of improper activities and mismanagement
of the firm, the two sides remain at loggerheads after a hearing in
Brooklyn court today. A judge in State Supreme Court rejected motions introduced by both
sides and left open the possibility that she would move the dispute to
arbitration. King filed suit June 2008 on behalf of Massey Knakal Realty of
Brooklyn, a partnership in which he holds a 10 percent interest.
Massey, CEO of Massey Knakal Realty Services, and Knakal, that
company’s chairman, are 50-50 partners in Massey Knakal Realty
Holdings, which owns 70 percent of the Brooklyn entity. King is not
suing the other five individuals who have a 20 percent stake in the
Brooklyn office. [more]