There are run-of-the-mill lawsuits over construction defects in condo buildings. And there is the the lawsuit unfolding at the four-tower Gramercy Square Condominiums.  The condo board has filed a lawsuit accusing the condominium’s original developers, Clipper Equity’s David Bistricer and Chetrit Group’s Meyer Chetrit, of creating defective condo units, The Real Deal reports. The board also alleges that Bistricer and Chetrit, along with two other named defendants, misappropriated up to $800,000 in condominium funds. As a result, the board is seeking a staggering settlement of at least $75 million in compensatory and punitive damages.    Read the article…………………………….