Buyer Should've Inspected Staten Island Property: Atty

Law360, New York (December 19, 2011, 3:51 PM EST) -- An attorney for the sellers of about 20 acres of oceanfront Staten Island property told a New York state judge Monday that the buyer should have done its own inspections on a seawall before agreeing to buy the property for $36 million.

Scott E. Mollen of Herrick Feinstein LLP, who represents the sellers, real estate developer Allied Princes Bay Co. and affiliates, said the buyer, real estate developer Princes Point LLC, can't now claim that the seawall was defective when it  signed contracts stating that it...
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