Amalgamated Docs Privileged In $95M Condo Row

Law360, New York (April 27, 2012, 12:21 PM EDT) -- Amalgamated Bank doesn't have to fork over documents from its attorneys at Cadwalader Wickersham & Taft LLP and Arnold & Porter LLP and give them to its co-lender on a $95 million loan for a New York City condo development project, a New York state appeals court ruled Thursday.

Amalgamated and Petra Capital Mortgage Corp. co-originated $95 million in loans under an intercreditor agreement to develop a luxury high-rise mixed-use condominium project and renovate a synagogue on the property, located in Manhattan's Hudson Heights neighborhood. Amalgamated...
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