Federal Judge Blocks NYC Bankruptcy Sale In Major Blow to Mamdani

in the ongoing sale of properties owned by Pinnacle Group, one of the city’s largest landlords.

The company declared bankruptcy in May after defaulting on $560 million in loans, and the Mamdani administration has claimed it owes the city $12.7 million in unpaid housing code fines.

Mamdani had directed the city’s Law Department to intervene, arguing the continue reading …