New York billionaire Howard Milstein dished dirt about a Texas financier’s divorce proceedings as he sought to gain leverage in a contentious business deal earlier this year, according to an explosive lawsuit.
Milstein — a 67-year-old heir to the Milstein family’s Big Apple banking and property empire — allegedly hired a private investigator to “tail” Dallas investor Mark Hurley as the pair tangled over the sale of a company called Fiduciary Network, according to the $150 million suit filed late last week.
Milstein’s Emigrant Bank — one of the biggest privately owned savings banks in the US — owned 75 percent of Fiduciary Network, a firm that invests in financial advisers.