Filed with the SEC on August 9, 2012http://sec.gov/Archives/edgar/data/32776/000119312512345927/d356932d10q.htm
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2012
EMPIRE STATE BUILDING ASSOCIATES L.L.C.
$33,000,000 of Participations in LLC Member Interests
PART II. OTHER INFORMATION
Item 1.Legal Proceedings.The Property of Registrant was the subject of the following material litigation:
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The outcome of this litigation is uncertain, however, and as a result, the Defendants may incur costs associated with defending or settling such litigation or paying any judgment if they lose. In addition, the Defendants may be required to pay damage awards or settlements. At this time, the Defendants cannot reasonably assess the timing, outcome of this litigation, and an estimate of the amount of loss, or its effect, if any, on the Defendants’ financial statements if applicable. Defendants have stated they believe the Class Actions are baseless and intend to defend them vigorously.
There is a risk that other third parties will assert claims against the Defendants, including, without limitation, that the Defendants breached their fiduciary duties to participants or that the consolidation violates the relevant operating agreements, and third parties may commence litigation against the Defendants.
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http://sec.gov/Archives/edgar/data/32776/000119312512345927/d356932d10q.htm
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2012
EMPIRE STATE BUILDING ASSOCIATES L.L.C.
$33,000,000 of Participations in LLC Member Interests
PART II. OTHER INFORMATION
Item 1.Legal Proceedings.The Property of Registrant was the subject of the following material litigation:
----cut---
The outcome of this litigation is uncertain, however, and as a result, the Defendants may incur costs associated with defending or settling such litigation or paying any judgment if they lose. In addition, the Defendants may be required to pay damage awards or settlements. At this time, the Defendants cannot reasonably assess the timing, outcome of this litigation, and an estimate of the amount of loss, or its effect, if any, on the Defendants’ financial statements if applicable. Defendants have stated they believe the Class Actions are baseless and intend to defend them vigorously.
There is a risk that other third parties will assert claims against the Defendants, including, without limitation, that the Defendants breached their fiduciary duties to participants or that the consolidation violates the relevant operating agreements, and third parties may commence litigation against the Defendants.
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22
http://sec.gov/Archives/edgar/data/32776/000119312512345927/d356932d10q.htm
