Thursday, October 1, 2009
The Hedge Fund Manager Versus the New York Moving Company
Even the wealthiest sometimes have trouble with their moves, apparently.
Cityfile picked up this story about a hedge fund manager now being pursued by the New York moving company he used for almost $100,000 in money they claim he still owes them from a recent move.
Hedge fund mogul paid $45 million for one of the city's poshest apartments last year, a 10,000-square-foot penthouse at 15 Central Park West. His move-in, however, didn't go so smoothly, it seems. It's unclear what took place precisely, but the moving company that Loeb and his wife Margaret hired to help them settle in, Auer's Moving & Rigging, filed a lawsuit against the couple in Manhattan Supreme Court earlier this year claiming breach of contract. (Panorama on the Park LLC, which is also listed as a defendant, is the company Loeb set up to acquire the property.) The high-end moving company is demanding that Loeb cough up the $98,689.07 which it says it's owed. Last week, though, an attorney for the Loebs responded to the suit by filing a motion to dismiss.
The reason for the dispute is as yet unknown but given the high profile nature of the people involved, it seems as though we'll hear more soon.
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Full Story: Dan Loeb Makes His Move (Cityfile)