, founder, chairman, CEO and CIO of Baron Capital Management
, is in the news, but it doesn't involve fund performance or AUM.
On Thursday, the East Hampton Star
reported that a town justice had agreed to give Baron until the end of next month to demolish 500 feet of an 845-foot retaining wall that was allegedly built illegally on his Further Lane property last October.
A spokesperson for Baron declined to comment to The MFWire
The construction of the wall had entailed the destruction of a 3,000-year-old double dune and its protected habitats, the East Hampton Star reported.
Baron was reportedly charged in January with eight misdemeanor counts of violating the town's zoning code.
A demolition permit was expected to be issued this week. As for the rest of the wall, Baron will have until May 5 to apply to the zoning board of appeals for a permit to preserve the remaining 300 feet of wall.
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