An appeals court has ruled against Regus PLC in its dispute with Vornado Realty Trust over a lease the co-working company signed in 2109 but later terminated at the 555 California St. complex in San Francisco. The Tuesday ruling from a three-judge California Court of Appeals panel means that IWG PLC — a British holding company that owns the Regus brand —said that Vornado is entitled to costs on appeal. Regus filed the appeal in 2021 claiming a trial judge had improperly interpreted its lease agreement with Vornado (NYSE: VNO) for the podium space at 345 Montgomery St., sometimes dubbed The Cube.
A look at the shareholders of IWG plc ( LON:IWG ) can tell us which group is most powerful. With 33% stake, individual...