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Michael Shvo, owner of the Transamerica Pyramid in San Francisco, is embroiled in a legal battle with the members-only Core Club. The club, led by CEO Jenny Enterprise, has filed a $600 million lawsuit against Shvo, alleging he reneged on a promise to invest and other claims. Shvo has dismissed the lawsuit as a 'cynical ploy' to obtain a rent reduction and described it as a 'kitchen sink of frivolous claims.'
#Shvo fires back at #CoreClub, w/sued him for allegedly reneging on a promise to invest, amg other things. Sez club's 'cynical ploy' w/to get a rent reduction. #realestate #CRE #NYC #litigation #mortgage #711Fifth https://t.co/LlRPPCY53v
Michael Shvo calls Core Club CEO Jenny Enterprise’s $600 million lawsuit “a kitchen sink of frivolous claims” https://t.co/MH3ZwdvD3S
NYC developer Michael Shvo slams $600M suit by exclusive club as ‘cynical ploy’ for rent reduction https://t.co/UkBdpcs48W https://t.co/zx9TQAJuvw
