Tax Evaders' Appeal Granted In $186M Flatotel Loan Case

Law360, New York (June 25, 2013, 3:42 PM EDT) -- The New York Court of Appeals agreed Tuesday to hear an appeal of a $186 million default judgment against two convicted tax evaders and others for allegedly defrauding a French bank on a loan to develop a Manhattan hotel.

A five-judge Appellate Division panel in December upheld a lower judge's 2011 ruling entering default judgment against Maurice Cohen, his son Leon and others who worked for them, ruling that the defendants attempted to perpetrate a fraud on the court.

New York Supreme Court Judge Peter O....
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.