ABY ROSEN V. HARRY LIS: SUPERCOLLECTORS IN COURTMay 18, 2011
The New York Post reports that real estate titans Michael Fuchs and Aby Rosen, owner of Lever House and the Seagrams Building, have filed a lawsuit against Harry Lis, their longtime partner at RFR Holdings. Needless to say, both Rosen and Lis (to a lesser extent) have been big players in the Andy Warhol market.
What’s the dispute? Fuchs and Rosen say their estranged associate failed to pony up cash when failing properties needed bolstering, but had no problem showing up to the big paydays, like last year’s sale of a two-story building at 451 Lexington for $28.9 million. Lis’ wife, Melissa, pleaded for Rosen “to stop” in the Post, adding that Rosen and Fuchs’ success is due only to her husband’s mentorship.
Originally declining to comment, Lis’ lawyers have now chimed in via a follow-up NYPost report. Lis has already sued his ex-partners twice for illegally withholding earnings from property sales, they say, and has won millions in a court case over the Lexington property. In addition, litigation continues over proceeds from the sale of 400 Park.