Forest City recieves positive court ruling, says Oppenheimer
Oppenheimer said Forest City recieved a positive ruling on its $4.9B Atlantic Yards project in Blooklyn, NY. The Appeals Court ruled that the state followed the law in seizing land needed to move foward with its development and the strategic partnership with the Russian investor group. Shares are Outperform rated. :theflyonthewall.com
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