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.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.