Investor Trumps Ex-Troutman Atty In $100M Loan Contract Suit

Law360, New York (May 22, 2012, 7:04 PM EDT) -- A New York appeals court on Tuesday unanimously affirmed lower courts' rulings in favor of a New York real estate investor, blocking his former financial adviser and Troutman Sanders LLP legal adviser from putting a new spin on a $100 million contract the panel said was clear enough.

Rubin Schron's onetime advisers, former Troutman Sanders real estate partner Leonard Grunstein and investment banker Murray Forman, were too sophisticated and contract-savvy to have drafted an ambiguous agreement, the panel ruled, especially one with a $100 million loophole....
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