Defunct Firm Coudert Loses Fight Over Lease Valuation

Law360, New York (January 27, 2012, 6:16 PM EST) -- A New York federal judge ruled Tuesday that real estate advisory firm Weiser Realty Advisors LLC didn't undervalue now-defunct law firm Coudert Brothers LLP's lease on its Manhattan offices by $8 million.

U.S. District Judge Katherine B. Forrest ruled that the valuation Weiser gave to the firm before it collapsed was fair, and that a report prepared by Enid Hoffman, the expert retained by Coudert's bankruptcy plan administrators, Development Specialists Inc., didn't use proper appraisal standards.

"Hoffman's divergent opinion — detached from any identified professional standard...
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Case Information

Case Title

Development Specialists, Inc. v. Weiser Realty Advisors LLC et al

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawl


Katherine B. Forrest

Date Filed

April 27, 2009

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