New York mega-skyscraper ‘without a doubt safe’, developer says in response to lawsuit

Developers of 432 Park Avenue, on so-called Billionaire's Row', reject criticism and complaints of alleged design defects

The developer of one of the world's tallest towers has responded to a multi-million dollar lawsuit from the building's condominium board over construction and alleged design defects that have resulted in floods, elevator malfunctions and electric explosions.

The response, filed on Wednesday in New York state supreme court by an entity managed by Los Angeles-based CIM Group, said that the complaints against 432 Park Avenue in New York's so-called Billionaire's Row are vastly exaggerated." The developer also called the lawsuit ill-advised" and argued that it was an effort to wrest unwarranted payments".