This is a biggie, folks.
A dispatch from PR Newswire indicates that the State of New York took 245.5 acres of land from Gyrodyne Company of America back in 2005, and deposited $26,315,000. Now, after trial, the State Court of Claims awarded an additional $98,685,000, plus 9% simple interest. Gyrodyne will be submitting a request to the court fot attorneys’ fees.
Stay tuned.