News · Yahoo Finance

Microsoft Sues JLL For Protection Against Lawsuit At NYC Office Project

Microsoft has sued brokerage JLL in New York County Supreme Court, seeking coverage for legal costs tied to a 2023 forklift accident during the build-out of its 150K SF office at 122 Fifth Ave. According to the complaint, JLL, the project manager, agreed to add Microsoft to its $10M liability insurance but did not, and refused to cover Microsoft after construction worker Anyello Frayind sued over permanent injuries from the forklift. JLL argued that the forklift operator's employer and Frayind were working on a separate project inside the building, but Microsoft says that claim is “factually incorrect, was made without investigation and was not in good faith.” The building is owned by The Bromley Cos., which redeveloped it at a cost of $100M in conjunction with Microsoft's arrival, according to the New York Post.

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MSFT

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Microsoft

Relevance: low

MarketUS stocks
SectorInformation Technology
IndustrySystems Software
Market cap$4.0T
Close on 10/12/2026541.15
Change that session+1.14%
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