Yesterday saw a new wrinkle in the long-running saga of Cantor Fitzgerald head Howard Lutnick versus Southampton. Background: Mr. Lutnick bought 40 acres of Bridgehampton farmland off Halsey Lane back in 2003. He added a jungle gym as well as a baseball diamond. Then in 2007, he wanted to build an 11,200sf barn on the property as well as a basketball court, and was denied permission twice by the Southampton Town Planning Board and its Agricultural Advisory Committee. So Mr. Lutnick then sued for $36M in damages regarding the basketball court and $20M in damages regarding the barn. He not only sued the boards, he sued their members personally.
Yesterday, the hoops court lawsuit was dismissed, but the barn lawsuits are continuing. Our advice: just put up a portable net in your enormous parking court, Mr. Lutnick.
· Judge dismisses Cantor Fitzgerald CEO's hoops lawsuit [NYP]