Solow’s GM suit dead

April 06, 2010 12:33PM

Developer Sheldon Solow has buried the hatchet and dropped his lawsuit against insurance group Conseco over the $1.4 billion auction of the General Motors Building in 2003, according to Reuters. Solow had filed the complaint in August 2006, alleging that Conseco had rigged the auction in favor of rival developer Harry Macklowe, who ultimately bought the property. The voluntary dismissal in Manhattan Federal Court, which was handed down after Solow and Conseco’s joint filing, was made with prejudice, meaning that the same complaint can’t be filed again.

Comments are closed.