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13 Oct 2011, 5:47 pm
An employee of French bank Societe Generale (“SG”) saw his efforts to obtain a bonus, commensurate with prior year bonuses, denied based on the fact that the employee had not signed an employment agreement addressing the payment of bonuses since 1994. [read post]
25 Sep 2011, 6:47 pm
In a ruling from the Court’s bizzare part, a judge has refused to impose liablity against the MTA for injuries suffered by a passenger who jumped out of the way to avoid a rodent. [read post]
19 Sep 2011, 4:44 pm
The Appellate Division, Second Department, has awarded a tenant who successfully stopped an eviction a judgment of attorney fees against the landlord, even though the lease between the parties did not provide for an award of attorney fees to the tenant. [read post]
28 Aug 2011, 1:24 pm
A troubling trend has been noticed in the past few months where lenders who are considering a real estate purchaser’s request for financing will not accept a formal application until they have a trove of documents and information about the purchaser in hand. [read post]
27 Aug 2011, 6:28 pm
A trial court has enforced a non-compete clause contained in an employment agreement after the employee continued to solicit the employer’s clients subsequent to the termination of his employment. [read post]
13 Aug 2011, 4:25 pm
Here’s a great interactive calculator that appeared on the New York Times not too long ago. [read post]
4 Jul 2011, 4:32 pm
This past year, Courts have loudly proclaimed that they will not allow banks to submit boiler plate affidavits in support of a legal action to foreclose on an individual’s home. [read post]
16 Jun 2011, 11:56 am
The recent tax assessed against companies to bridge the gap on the Metropolitan Transit Authority’s (MTA) budget gap will be eliminated against small businesses. [read post]
13 Jun 2011, 5:10 pm
The Appellate Division, Second Department, ruled that a note or mortgage held by MERS (Mortgage Electronic Registration Systems) cannot be foreclosed if the primary lender did not transfer the note and mortgage to MERS. [read post]
7 Jun 2011, 6:32 pm
A purchaser of a foreclosed condominium unit at Worldwide Plaza in Manhattan had to wait 3 years to close on the purchase of the unit whilst the primary lender, Bank of New York, and a second private lender disputed who had a priority lien over the property. [read post]
22 May 2011, 4:55 pm
Sandals Resort was the subject of an email posted online by an anonymous individual who criticized the company’s business practices and claiming that the company was racist because it collected huge fees for its travel business but yet paid severely low wages to native Jamaican workers at its resorts. [read post]
17 May 2011, 5:12 pm
We recently represented the plaintiff in the action of Moran v. [read post]
11 May 2011, 5:59 pm
There has been a recent push to incorporate a New York City law which would require cooperative boards to rule on a purchaser’s application to acquire a cooperative apartment within 45 days. [read post]
4 May 2011, 1:02 pm
A cooperative board has denied a shareholder’s request to permit the shareholder to obtain a Home Equity Line of Credit (“HELOC”) even though there is nothing in the cooperative’s by-laws which prevent shareholders from obtaining such a loan. [read post]
19 Apr 2011, 4:44 pm
A buyer of a cooperative apartment at 812 Fifth Avenue in Manhattan was accused by a seller of intentionally sabotaging a board interview. [read post]
12 Apr 2011, 5:37 pm
Prior to entering into a contract to purchase a property, a prospective buyer normally conducts an engineering inspection to evaluate the property’s integrity. [read post]
10 Apr 2011, 3:14 pm
It seems like during the past decade, cooperatives were shunned by many purchasers who did not wish to be subject to the intense cooperative board interview process which is a hallmark of buying in a coop building. [read post]
5 Apr 2011, 6:12 pm
We thought this would be an interesting update for our Canadian friends and clients. [read post]
4 Apr 2011, 2:46 pm
This just in..Craigslist is working on an agreement with the City of New York to post a list of the worst landlords in New York City. [read post]
27 Mar 2011, 2:44 pm
From time to time, buyers wish to purchase an apartment that it is part of a cooperative which does not own the land upon which the building is situated but rather leases it from another party. [read post]
