By Adam Leitman Bailey and John M. Desiderio How is a co-op applicant to know whether a rejection decision was made for legitimate corporate purposes, or because of one or more board members’ unlawful motivations? The first place to look would be the co-op’s minutes of its board meetings. Adam Leitman Bailey and John Desiderio Full Article…
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The High Cost of Ignoring Habitability
By Steven R. Wagner, Of Counsel, Adam Leitman Bailey ERIC BATT, AS ADMINISTRATOR OF THE ESTATE OF ROBIN SIEGAL V 77 BLEEKER STREET CORP., ET AL. WHAT HAPPENED In 2014, two leaks within seven months damaged Robin Siegal’s co-op apartment and its contents. One leak was from a sprinkler head that froze and burst in Siegal’s Full Article…
Whether Co-op Boards Can Reject Purchasers for a ‘Too Low’ Sales Price
Adam Leitman Bailey and John Desiderio discuss ‘Stromberg v. East River’ which provides new guidance on when co-op boards may consider sale price in rejecting a purchaser without losing protection under the business judgment rule. In 2022, in a prior article, the authors concluded: “Until there is a clear holding by an appellate court that Full Article…
Coop Estate Requirements
By Rosemary Liuzzo Mohamed Our firm represents several Coop buildings in New York City in connection with closing the sales of their units. When the seller of a unit is the shareholder’s estate, we are often asked for coop estate requirements to sell. Here is a brief but thorough summary of what most coops will Full Article…
How To Win a Board Election
It may seem counterintuitive, but the person who wins a seat on their co-op or condo board is often not simply the most popular person to throw their hat into the ring. Before the votes are cast at the annual meeting, candidates eyeing board seats who are truly serious about serving their building community will Full Article…
Adam Leitman Bailey, P.C. Successfully Defeats Challenges to Co-Op Board and Their Ability to Commence Necessary Building Repairs
After a coordinated campaign of harassment against a Co-Op board, attempts to ignore and undermine that board’s legitimate actions, and efforts to hold illegitimate meetings to unseat lawfully elected board members, Adam Leitman Bailey, P.C. successfully defended the board’s rights, squashed the illegitimate actions, and ensured that the board can carry on with its duty Full Article…
Improving the License Agreement for a Construction Project for a Condominium
Adam Leitman Bailey, P.C. was retained by the Board of Managers of a large residential condominium (“Condominium”) in Manhattan to negotiate a license agreement for work mandated by the New York City Department of Buildings (“DOB”) to its building, after negotiations with current counsel failed. By way of background, over the prior several months, the Full Article…
Adam Leitman Bailey P.C. Obtains Summary Judgment Ruling Dismissing Complaint Seeking Payment Of Exterminator Fees Where No Contract Was Shown To Exist To Provide Authority For Such Payment
Adam Leitman Bailey P.C. represents a Coop corporation in Queens, New York. When a new Board was elected it conducted an investigation of the books and records maintained by the prior managing agent. The Board questioned the exterminating service which had billed the Corporation over $2 million over a number of years for termite and Full Article…
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