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Plumbers & Pipefitters National Pension Fund et al. v. Consortium Atlantic Realty Trust, Inc. et al.

This case seeks our determination of the meaning of the terms “prior appraisals” and “fair market value” in the withdrawal provisions of a shareholder agreement (the “Agreement”). CART Inc., a Real Estate Investment Trust (“REIT”), and a group of pension funds (collectively, the “Funds”) that were seeking an investment vehicle entered into the Agreement in 2006.