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    04.30.13 Professor David Reiss Comments on Empire State Building IPO
    David Reiss

    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.