It's a sadly familiar sight in courthouses around the country: A deep-pocketed corporation, developer or government official files a lawsuit whose real purpose is to silence a critic, punish a whistleblower or win a commercial dispute.
Backed by the Manhattan Loft Corporation – developer of the multimillion pound St Pancras Chambers apartments and "London's sexiest new skyscraper" in Stratford – along with £3.3m from Network Rail, the project builds on a plan by Hackney council to transform this neglected part of the borough into a thriving retail hub.
The Macrovision Corporation, a developer of video scrambling technology, cut its price for the privately held Globetrotter Software Inc. to $644.1 million from $810.6 million.
The Sabey Corporation, a developer and operator of data centers based in Seattle, acquired the condominium that makes up a majority of the building for $120 million last year with a minority partner, the developer Youngwoo & Associates.
The Mills Corporation, a developer based in Arlington, Va., also includes Bass Pro Shops for fishing demonstrations and Gibson guitar showcases at its malls, which are expressly designed to attract tourists.
The Calpine Corporation, a developer of power plants, said today that it planned to build a $425 million power plant in Mississippi to expand further in the fast-growing power markets of the southern United States.
The Mills Corporation, a developer and manager of shopping malls, said it would restate its financial results for 2002 through 2004 to correct accounting that was partly related to its treatment of earnings from joint ventures.
The Guidant Corporation, a developer of surgical supplies, agreed to buy the Cook Group, its partner in the development of drug-coated stents, for as much as $3 billion in stock.
Mills Corporation, the developer of the Xanadu shopping and entertainment complex at the Meadowlands, has acknowledged that the project will take longer, cost more and earn less money than originally projected, according to documents filed with the Securities and Exchange Commission.
Under it, the housing corporation provides developers with mortgages at favorable interest rates to help spur construction of middle-income housing.
The authority voted 8 to 0, with one abstention, to approve a 175-year lease with the project's developers, the Mills Corporation, a mall developer based in Arlington, Va.; Mack-Cali Realty of Cranford, N.J.; and KanAm, a real estate firm based in Germany.
