Two members of the powerful Durst real estate family in New York have sued the centrist group No Labels, accusing it of pulling a “bait and switch” by seeking donations for a bipartisan governing group and then moving to fund a third-party presidential candidacy.

The breach of contract and “unjust enrichment” suit was filed in New York State Supreme Court on Tuesday by the chairman and president of the Durst Organization, Douglas and Jonathan Durst, who are cousins. It seeks damages and reimbursements after the Dursts donated $145,000 years ago, when No Labels was founded on the promise of finding governing solutions.

[Eh, I doubt this will go anywhere. No Labels may have touted its ambitions to find bipartisan policy solutions, but almost everyone knew they aspired to an independent presidential bid. Part of the complaint argues that such a bid would undermine efforts to find bipartisan policy solutions, but that’s speculative. The basic lesson here is: caveat emptor when it comes to PACs. — Ed]