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.

From Cityfile:
Hedge fund mogul Dan Loeb 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.

For a list of New York Movers with ratings and reviews, visit cityhammer.com, New York's #1 Remodeling Directory!

Full Story: Dan Loeb Makes His Move (Cityfile)

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