A bondholder lawsuit charges that the Battery Park City Authority violated securities laws last year when it called more than $95 million of housing revenue bonds to refinance a mortgage loan at lower interest costs.

In October 1993, the New York State authority called the bonds and then sold $84 million of debt, using Goldman, Sachs & Co. as senior manager. The issue refunded a substantial 1980 authority sale that financed the construction of Gateway Plaza, a residential and commercial development on the Battery Park City site in lower Manhattan.

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