A group of investors seeking to block a deal to take the Empire State Building public were unable to convince a State Supreme Court judge that a plan to buy them out was illegal, Bloomberg Businessweek reported.
Justice Peter Sherwood yesterday denied the motion brought by the investors. Stephen Meister, an attorney for the investors, did not immediately respond to Businessweek’s requests for comment. He had earlier indicated that the judge was likely to deny the motion and said he planned to appeal the ruling. [more]