Gyrodyne (GYRO +21%) pops after the New York supreme court affirms the judgment of a lower court...

|By:, SA News Editor

Gyrodyne (GYRO +21%) pops after the New York supreme court affirms the judgment of a lower court requiring the State to pay the company an additional $99M in compensation for its 245 acres of its Flowerfield property in St. James and Stony Brook, New York, taken by the State after paying just $26M for the property. The court also says the state must pay an additional 9% statutory interest from the date it took the property.