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Helmsley Sues Malkin Over Empire State Building Control

NEW YORK CITY-Donald Trump may be out of the picture after walking away from the landmark with $57.5 million in hand, but that battling duo--Malkin and Helmsley--are still at each others throats over the property.

By John Salustri | Updated on April 11, 2002

NEW YORK CITY-In what is only the latest chapter in an often venomous relationship, Leona Helmsley has sued Peter Malkin in an attempt to ban his law firm–Wein & Malkin–from any management role in the property.

As GlobeSt.com reported last month when the Trump deal was sealed, the complex ownership structure of the building still involves the Helmsley organization, which manages the property and holds three of the 3,330 shares in Malkin’s group as well as a sublease on the building.

At the time we reported that Malkin clearly prevailed over Helmsley-Spear executive Irving Schneider’s State Supreme Court lawsuit seeking to block the deal.

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