Monthly Archives: August 2016

Court of Appeals #11

Posted on August 10, 2016 | Comments Off on Court of Appeals #11

We recently published a new update on decisions from the Court of Appeals.

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Posted in Litigation

DOWN & DIRTY: FIGHTS OVER REAL ESTATE CONTRACT OF SALE “DOWN PAYMENTS”

Posted on August 1, 2016 | Comments Off on DOWN & DIRTY: FIGHTS OVER REAL ESTATE CONTRACT OF SALE “DOWN PAYMENTS”

The skyrocketing prices for commercial and residential real estate have led to a concomitant increase in enormous – sometimes multi-million dollar-down payments – the right to which often ends in litigation when the transaction ends and the “finger pointing” begins.  Disputes following failures or refusals to close have led to several decisions in the Appellate Division since the year 2016 began, as well as many decisions in the Supreme Court.

Princes Point LLC v. Muss Dev. L.L.C., 2016 NY Slip Op 00783 (1st Dept. February 4, 2016) Continue reading →

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Posted in New York Law, Real Estate, Vendor/Purchaser Disputes