In television and print interviews, Professor David Reiss commented on today’s ruling to allow the public to buy shares in the Empire State Building. The court rejected arguments by a small group of current investors that the initial public offering of stock would violate state law. “This represents a kind of watershed moment for the case,” Professor Reiss said. The IPO is expected to raise $1 billion for a new company called Empire State Trust Inc.
Read the Bloomberg article.
Watch the Fox Business interview.