In Failed Real Estate Deal, Brooklyn Court Holds Seller Entitled to Keep Down Payment

In Meadus v. Rosenthal, a decision surrounding a failed real estate deal that was handed down on November 5, a Brooklyn judge sitting in the Civil Court made an unusual decision, and allowed the seller to keep the buyer’s escrow payment.  Here’s why: The contract of sale provided that the plaintiff-buyer was going to obtain [...]

How to Protect Your Insurance Commissions in New York

If you are an insurance broker, and were wondering how you are supposed to protect against having your commission agreement breached, a decision that was rendered by a New York Federal judge last week – and published in today’s New York Law Journal – provides an excellent roadmap. In Guy Carpenter & Company v. Lockton, RE, LP, [...]

How Not to Choose an Attorney for Your NY Breach of Fiduciary Duty Case

If I had to summarize what I love about what I do it’s that it affords me the opportunity to help people who’ve been legitimately wronged, and to earn a living while doing it. And in order to help some people who contact my office, I try to come up with creative billing solutions to [...]

Despite Lack of Formal Relationship, Accountant Can Be Liable In Fraud & Negligence, NY Appeals Court Holds

While it is true that, generally speaking, you can’t recover in fraud or negligence against someone unless you actually have an agreement with them (or in legal terms, are “in privity”), there is a narrow – but important – exception to this rule. And that is when the relationship is close enough that they’re no [...]