Company linked to Beninati files for bankruptcy in Connecticut

A new bankruptcy filing logged in Connecticut may provide a window into just how cash-strapped embattled developer Joseph Beninati has truly become. A Connecticut entity linked to Beninati and his wife Rhonda Beninati has filed for Chapter 11 bankruptcy protection, citing liabilities between $500,000 and $1 million, according to the filing. The entity, Persistence Partners […]

Beninati sues Gamma over 3 Sutton Place, alleging “greed” and insider trading

Fighting foreclosure on his condominium project 3 Sutton Place, developer Joseph Beninati on Wednesday sued his mezzanine lender Gamma Real Estate in federal bankruptcy court for at least $100 million in damages. The complaint alleges that Gamma’s N. Richard Kalikow conspired with his cousin — Richard R. Kalikow of Herrick Feinstein, Beninati’s lawyer for the supertall project […]