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The Empire State Building, right, rises into the climbs into the New York City skyline lit in the colors of the South African Flag to observe the passing of former South African President and Civil Rights leader Nelson Mandela. (AP Photo/Bebeto Matthews)

NEW YORK (AP) — Thousands of stakeholders in the Empire State Building lost more than $400 million in potential profits when the managing owners rebuffed potential buyers in order to sell public shares in the iconic skyscraper, a new lawsuit says.

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