Philadelphia developer Carl Dranoff has filed a civil racketeering lawsuit against New Jersey power broker George E. Norcross III and his brother, Parker McCay CEO Philip A. Norcross, accusing them of extortion and intimidation that cost Dranoff millions in damages. The lawsuit, filed Wednesday in New Jersey state court, alleges the Norcross brothers manipulated Camden city officials to sabotage Dranoff’s property development rights in Camden, New Jersey.
Parker McCay Civil Racketeering Suit : Allegations of Intimidation and Interference
Dranoff, along with his companies Victor Urban Renewal Group LLC and Dranoff Properties Inc., claims the Norcross brothers forced local officials to derail a $71 million deal for six properties in Camden. The developer also alleges they pressured him into extinguishing his rights to a view easement and residential development on prime waterfront properties. According to the suit, these actions not only harmed Dranoff’s business but also hurt Camden’s economic prospects.
