Smith Buss, Banks Hit With $15M Suit Over NYC Condo Deal

Law360, New York (April 29, 2013, 6:46 PM EDT) -- A New York real estate developer sued law firm Smith Buss & Jacobs LLC and several banks for $15 million in state court Sunday, claiming the firm failed to disclose a conflict of interest when it secured financing from Dominion Financial Corp. for an condominium conversion in Manhattan's East Village.

Haimil Realty Corp. claims Smith Buss & Jacobs and attorney Ken Jacobs had an ongoing working relationship with co-defendant James Rinzler and his employer Dominion but failed to disclose it when setting up investor loan agreements...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.