Howard Marks wants judge to seal court records for 740 Park lawsuit

Billionaire’s neighbors claimed they lost sleep because of Marks' lengthy co-op renovations

New York /
May.May 02, 2017 09:50 AM

A legal skirmish between feuding neighbors at 740 Park Avenue proves it: all the money in the world can’t buy peace and quiet or anonymity in New York City.

Billionaire financier Howard Marks is asking a judge to keep the details of a lawsuit over renovations at his co-op unit from hitting the press, claiming in legal papers that he’s worried about privacy.

Marks’ neighbors at 740 Park Avenue, semiconductor mogul Hamburg Tan and wife Miranda, sued the Oaktree Capital head, claiming they suffered “sleep deprivation, anxiety and depression” because of lengthy renovations, the New York Post reported. Last year, a New York Supreme Court judge issued an order to limit the the amount of time per day Marks could carry out his years-long construction work.

Marks now wants the Manhattan judge to seal a letter and exhibit in the case. The Tangs, however, want the information to remain public.

“Defendant Marks has made personal revelations and disclosed intimate details about his homes when he stood to gain worldwide publicity and financial gain,” they said in court papers, according to the newspaper, referring to Marks’ decision to feature the apartment in magazine Architectural Digest.

Jennifer Rearden, an attorney for Marks, said all renovations were completed eight months ago, and that Marks only agreed to the feature because his name was not included.

Marks paid $52.5 million for the co-op in 2012. He’s currently trying to sell his Ritz Carlton pad for $27 million, almost half the original asking price.  [NYP]Miriam Hall


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