Smith Buss, Banks Hit With $15M Suit Over NYC Condo Deal

Law360, New York (April 29, 2013, 6:46 PM EDT) -- A New York real estate developer sued law firm Smith Buss & Jacobs LLC and several banks for $15 million in state court Sunday, claiming the firm failed to disclose a conflict of interest when it secured financing from Dominion Financial Corp. for an condominium conversion in Manhattan's East Village.

Haimil Realty Corp. claims Smith Buss & Jacobs and attorney Ken Jacobs had an ongoing working relationship with co-defendant James Rinzler and his employer Dominion but failed to disclose it when setting up investor loan agreements...
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