Second penthouse plaintiff at Plaza

September 18, 2008 09:14AM
The Plaza


Possibly inspired by hedge fund manager Andrei Vavilov's litigation earlier this month, a second penthouse buyer at the Plaza has initiated a lawsuit against the building's developer, El-Ad, and its marketing firm, Stribling & Associates. The unidentified owner of unit PH2001 -- who sources say is also a hedge fund manager -- wants his $6.5 million deposit back, plus at least $350,000 in legal fees and the interest on his claims. The suit alleges "fraud, negligent misrepresentation" and "deceptive trade practices."
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Comments

Anonymous

As people become more nervous they'll pull more desperate moves like this. Law firms are going to be buzzing with claims like this.

Comment #1 Posted By: Anonymous 09/18/08

Anonymous

Yeah, but do this people have an honest gripe...I saw a picture in the post a few weeks ago that portrayed an "attic like space" which was marketed as a penthouse.....

Comment #2 Posted By: Anonymous 09/18/08

Anonymous

His hedge fund is probably blowing up.

Comment #3 Posted By: Anonymous 09/18/08

Anonymous

Stripling and Assoc. New name.

Comment #4 Posted By: Anonymous 09/18/08

Anonymous

McDonalds is in Stark!!!! WOW!!!.. Michael Schvo the Hamburglar....

Comment #5 Posted By: Anonymous 09/18/08

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