Investors in Empire State Realty Trust (ESB), owner of the namesake building, are suing to halt...

|About: Empire State Realty Trust, ... (ESRT)|By:, SA News Editor

Investors in Empire State Realty Trust (ESB), owner of the namesake building, are suing to halt the company's planned IPO, claiming the offering only benefits the Malkin Family, which controls the trust. The current IPO terms include a dual-class share structure, in which the Malkins would receive Class B shares that are worth 50 votes/share.