Archegos Sued by Vornado Over $160,000 in Rent on NYC Offices
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The collapsed investment firm Archegos Capital Management is being sued by New York landlord Vornado Realty Trust over about $160,000 in rent.
Vornado is seeking $159,165.55 in skipped payments for space Archegos leased on the 22nd floor of 888 Seventh Ave., plus interest and $50,000 in attorney fees, court documents show. The suit doesn’t say when the investment firm allegedly stopped paying rent. Its lease began in September 2019.