Category : Lawsuits

Deals & DealmakersLawsuits

IN PICTURES: CSG celebrates new 11 Times Square office

REW
by REW2438
CSG, the newest old law firm to open in Manhattan, celebrated its 11 Times Square office with a cocktail party that drew the tower’s owner, SJP founder Steve Pozycki, earlier this month. Chiesa, Shahinian & Giantomasi (CSG) is the new iteration of the powerful New Jersey-based Wolff & Samson, which re-branded last year...
Report: Over-priced closings costing New Yorkers $155M a year
Debt & EquityLawsuitsResidential

Report: Over-priced closings costing New Yorkers $155M a year

REW
by REW1141
New York State property buyers over-spent on title insurance by an estimated $155.3 million, according to a new report. The costs piled up because too many people believe title insurance rates are set by law, said Daniel C. Price, co-founder, of OneTitle, a direct title insurance underwriter that conducted the...
Man given 9-18 year sentence tried to evict rightful owner of Brooklyn home
Lawsuits

Man given 9-18 year sentence tried to evict rightful owner of Brooklyn home

REW
by REW1717
A Brooklyn man was given a prison sentence of 9 to 18 years after stealing three Brooklyn properties with fake deeds. Carl Smith, a 50-year old resident of Lafayette Avenue in Brooklyn, impersonated an attorney, attempted to sell properties (receiving bids over $1 million) and started eviction proceedings against the...
Good guy guaranties and how they can sink you
Deals & DealmakersLawsuits

Good guy guaranties and how they can sink you

REW
by REW1925
By David M. Rubin, Partner, Golenbock Eiseman Assor Bell & Peskoe LLP There are certain contracts that lawyers quickly review without the usual, careful analysis because they are boiler plate, Blumberg forms or other documents that lull the attorney into a dangerous sense of familiarity and disinterest. The good guy...
Rise of commercial co-ops: High risk, high reward
LawsuitsRetail

Rise of commercial co-ops: High risk, high reward

REW
by REW1589
By Rab N. Nalavala, Special Counsel, and Matthew S. Schneid, Associate, Cole Schotz P.C. $140 million, $86 million, $42 million * — are these purchase prices for entire buildings? No, quite the contrary, these are the reported prices for retail co-op units under contract or sold in the past year....
City tip-toeing around mandatory inclusionary housing charges
Construction & DesignLawsuits

City tip-toeing around mandatory inclusionary housing charges

REW
by REW1089
By David Karnovsky, partner, Fried, Frank, Harris, Shriver & Jacobson LLP Last month, quietly and without much fanfare, the DiBlasio Administration announced the outlines of its proposed mandatory inclusionary housing program (MIH) under which developers of market rate housing will be required to set aside a fixed percentage of building...
Lawsuits

Shearman & Sterling opens Dubai office

REW
by REW921
Global law firm Shearman & Sterling will open an office in Dubai, expanding a Middle East footprint that already includes a 40-year presence in Abu Dhabi and the recent association with Abdulaziz Alassaf & Partners in Saudi Arabia. The new office will be located in the Dubai International Financial Centre....
Good Agreements Make Good Neighbors: The Benefits of Negotiating License Agreements to Access Neighboring Property
Construction & DesignLawsuitsProperty Managers

Good Agreements Make Good Neighbors: The Benefits of Negotiating License Agreements to Access Neighboring Property

REW
by REW1664
  By David Pfeffer & John Walsh In New York City, everything comes with a price.  For building owners and collective housing communities, it often comes in the form of the time and expense required to maintain aging buildings in accordance with New York City’s building code and other local...
A legal first for Silverbush as Justice Department settles case
Lawsuits

A legal first for Silverbush as Justice Department settles case

REW
by REW931
Rosenberg & Estis, P.C., after a marathon settlement conference, achieved a settlement of pending litigation with the U.S. Attorney’s Office on behalf of its client, a New York co-operative corporation. According to the Magistrate Judge, this is the first time that the Justice Department has agreed to a settlement requiring...