Ex-Troutman Atty Loses Appeal Over $120M In Merger Funding

Law360, Los Angeles (April 2, 2013, 9:27 PM EDT) -- A New York state appellate court on Tuesday affirmed a lower court's ruling against a former Troutman Sanders LLP attorney and his business partner who insisted that real estate mogul Rubin Schron never funded $120 million in loans for a deal to buy a nursing home operator, saying the defendants' contentions were "unavailing."

The decision comes seven months after Judge O. Peter Sherwood chucked aside arguments made by former Troutman Sanders attorney Leonard Grunstein and business partner Murray Forman that Schron never funded a $100 million loan, and a later refinancing that added another $20 million, that were part of a billion-dollar...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!