Herrick Ducks Part Of Malpractice Suit Over Stalled NY Tower

Law360, New York (August 30, 2012, 2:50 PM EDT) -- A New York state judge on Tuesday trimmed malpractice claims brought against Herrick Feinstein LLP by the lender of $70 million in bridge financing for an unfinished residential tower, finding insufficient proof that bad advice had caused the project to fail.

Justice Shirley Werner Kornreich dismissed Arbor Realty Funding LLC's claim that the firm's failure to specifically identify certain certificates in a general contract assignment led to costly litigation and devaluation of the company's collateral at the 43-story luxury condominium tower on East 51st Street in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.