Suit says Empire State Building IPO was bad for icon's longtime stakeholders, to tune of $400M

  • by: JENNIFER PELTZ , Associated Press
  • Updated: December 26, 2013 - 1:15 PM

NEW YORK — Thousands of stakeholders in the Empire State Building lost more than $400 million in potential profits when the managing owners rebuffed potential buyers in order to sell public shares in the iconic skyscraper, a new lawsuit says.

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