JENKINTOWN, PA-Pitcairn Properties Holdings Inc., a commercialrealty firm, and PPH Investments LLC, a preferred shareholder, havefinally reached a compromise after a grueling legal battle incourt.
They have decided to resolve the long-standing feud and nominatea new chairman after the Wilmington bankruptcy court found that thePitcairn bankruptcy filing was conducted in bad faith. As per thesettlement, Eric Blum of PPH Investments will become the newchairperson of Pitcairn's board of directors. For the fullstory, go to Wall Street Journal.
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