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Beale Street Merchants Association
Beale Street Merchants Allege City Working with Out-of-Town Developers to Undo Their Lease Agreements
May 10th, 2009
The City of Memphis, working with The Cordish Companies, Guggenheim Partners, and the Parente Randolph accounting firm, are engaged in an ongoing effort to force Beale Street Merchants to renegotiate valid and binding commercial lease agreements, according to a lawsuit filed by the Beale Street Merchants Association. The Merchants Association also alleges that the defendants are using ongoing litigation on another matter to gain access to confidential business documents. Documents filed in the Chancery Court of Shelby County, Tennessee include a series of emails between the City, Cordish, Guggenheim, and others that provides a narrative record of this effort. According...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-10)
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