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Obtained Highly Favorable Settlement in Commercial Developer/Joint Venture Litigation

July 26, 2011

Steve Kaufman secured a substantial settlement on behalf of a publicly-held REIT plaintiff in litigation against the sellers of a $330 million commercial shopping center development portfolio; at issue was the earn-out portion of a purchase agreement. The sellers settled after the plaintiff prevailed on hotly contested issues of venue and jurisdiction, and a significant portion of the sellers’ counterclaims were dismissed.

Kaufman & Company, LLC