Dive Summary:
- Russian senator and billionaire Vitaly Malkin is suing the Katselnik & Katselnick Group (K&K), a Manhattan-based contracting firm, for attempting to extort a renovation contract out of him.
- The $600,000 lawsuit alleges that K&K overbilled Malkin and performed unauthorized work at his Time Warner Center apartment in Manhattan, New York; when K&K placed a $170,000 lien on his apartment, Malkin claims the firm said they could make the lien "go away" if he awarded them a lucrative renovation contract.
- According to city records, Malkin purchased the apartment for $15.6 million in 2010.
From the article:
"A Russian lawmaker and billionaire mogul is suing the Manhattan contractor he alleges overbilled him for work done to his Time Warner Center apartment.
Vitaly Malkin is also contending that the firm, Katselnik & Katselnik Group, tried to extort a multimillion-dollar contract to build out the space after the Russian senator decided to go with another contractor for subsequent work. ..."
