Receiver In $35M NYC Building Foreclosure Escapes Challenge

Law360, New York (July 17, 2013, 7:06 PM EDT) -- A temporary receiver and his attorneys don't have any conflicts that should keep them from looking after a 12-story downtown Manhattan office building during a "horrendously contentious" $35 million foreclosure proceeding, a New York state judge ruled Wednesday.

Temporary receiver Richard Cohn and his attorneys at Davidoff Hutcher & Citron LLP aren't conflicted in their stewardship of the building at 130 Williams St., even though the law firm has represented East West Bank, which loaned $35 million to a holding company affiliated with real estate investment...
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