Triple Five

Judge orders CAT’s notice of pendency on EPCAL canceled, a move that could clear the way for Riverhead to market the land as both sides appeal.

A Suffolk Supreme Court judge tossed out all but one of CAT's claims over the $40 million EPCAL deal.

Alleged collusion by Triple Five’s American Dream megamall and New Jersey town puts repayment of $800 million in bonds at risk: lawsuit claims.

A federal court has dismissed civil racketeering charges against Triple Five Worldwide and members of the Ghermezian family and threw out charges that the defendants violated rules of corporate governance that could have led to personal liability in a trademark infringement lawsuit.

Calverton Aviation & Technology has filed a lawsuit against Riverhead Town in an attempt to reverse the cancelation of the $40 million sale of town-owned land at the Calverton Enterprise Park to the company.

'CAT Triple Five has the legal right to develop this property,' a company spokesperson said, calling it 'tragic' that the town has 'diverted' the future of Calverton 'to the court house for what will likely be years to come.'

The Riverhead Town Board wasted no time acting to cancel the town's contract with Calverton Aviation & Technology following the Riverhead Industrial Development Agency's decision Monday night to deny CAT's application for financial assistance to develop the Calverton Enterprise Park

The Riverhead IDA Monday night denied Calverton Aviation & Technology’s application for financial assistance to develop the Calverton Enterprise Park site.

CAT has backed away from its air cargo proposal for EPCAL and now says its development plan is in flux. The IDA's review of CAT's application for tax breaks in the absence of a firm plan is improper, the chairperson of the State Senate's government watchdog committee said. First District Sen. Anthony Palumbo, a member of that committee, agreed.

The New Jersey megamall owned by Triple Five, which is in contract through another affiliate company to purchase more than 1,600 acres of industrial land in Calverton from Riverhead Town, had $245 million in operating losses last year, security filings released this week shows.