Real Estate News

Howard Lutnick Loses Court Battle for Basketball Court

Howard Lutnick just couldn’t break down Southampton Town’s defense.

A federal judge Tuesday tossed out the Cantor Fitzgerald CEO’s lawsuit that charged Southampton Town municipal boards violated his rights by telling him he couldn’t add a basketball court to his 40-acre Bridgehampton estate, the New York Post reports. Lutnick sought $36 million in damages.

Through this lawsuit did not make it to the hoop, Lutnick s still dribbling an $80 million case lashing out at the town for telling him he needs to remove a baseball field, hedge and jungle gym if he wants to erect a barn, according to the Post.

Lutnick purchased the property in 2003 for $15 million.

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