margaret-loeb

Make No Mistake: Dan Loeb's Time Is Important

cityfile · 12/02/09 10:20AM

Back in September, we reported that Dan Loeb had been sued by the moving company that helped the hedge fund tycoon and his wife settle into their $45 million apartment at 15 Central Park West. The Observer has a follow-up to the story and reports the suit has been settled. The prickly financier agreed to pay $82,500 to make the case go away—a bit less than the $98,699 the moving company was demanding—mostly because Loeb couldn't stand the idea of wasting any more of his precious time sitting in court. [NYO, previously]

Dan Loeb Makes His Move

cityfile · 09/29/09 10:24AM

Hedge fund mogul Dan Loeb paid $45 million for one of the city's poshest apartments last year, a 10,000-square-foot penthouse at 15 Central Park West. His move-in, however, didn't go so smoothly, it seems. It's unclear what took place precisely, but the moving company that Loeb and his wife Margaret hired to help them settle in, Auer's Moving & Rigging, filed a lawsuit against the couple in Manhattan Supreme Court earlier this year claiming breach of contract. (Panorama on the Park LLC, which is also listed as a defendant, is the company Loeb set up to acquire the property.) The high-end moving company is demanding that Loeb cough up the $98,689.07 which it says it's owed. Last week, though, an attorney for the Loebs responded to the suit by filing a motion to dismiss. So what went wrong? Was the prickly hedge fund manager's grand piano damaged by a faulty crane? Did a burly mover accidentally step on Biggie, the couple's miniature pinscher? The legal papers don't indicate why Loeb decided to withhold payment—let's hope that Biggie wasn't harmed—but you can review the documents for yourself below.