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Robinson & Cole LLP Wins One of the Largest Eminent Domain Rulings Ever Awarded Against the State of New York in Gyrodyne’s Favor

6.13.12
Robinson & Cole LLP attorneys received a ruling in favor of their client, Gyrodyne Company of America, Inc. to conclude a long-standing eminent domain dispute with the State of New York. In a ruling earlier this week, the New York Court of Appeals denied the State’s request to appeal the case. The State sought to reverse a judgment awarding Gyrodyne more than $125 million in additional compensation for land the State condemned by eminent domain and took over in 2005. According to Gyrodyne, the State owes the company a total of $164 million for the property, including interest of nine percent and other costs. more details