Market Report -- In Play (FCE.A)

November 24, 2009 3:41 PM ET

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Forest City Enterprises issues statement on New York State Court of Appeals eminent domain ruling for Atlantic Yards Project Co issues statementin response to today's favorable New York State Court of Appeals ruling in a lawsuit related to its Atlantic Yards development project. The suit challenged the State's use of eminent domain related to the project. "We're gratified that today's ruling has once again affirmed the significant public benefit of the Atlantic Yards project... While the economic outlook remains challenging and there are still hurdles to overcome, we are moving ahead with confidence and are fully committed to this great project."

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