G + B Trial Victory Protecting New York City Co-op
Attorneys Arthur Xanthos and William Brophy recently obtained a stunning victory on behalf of an Upper East Side co-op, that had been sued by shareholder-tenants seeking seven figures in damages due to leaks into their apartment over a span of nine years. Specifically, the shareholder-tenants sought money for a maintenance abatement, diminution in value to the apartment, property damage, and punitive damages. The complaint sought more than $1 million, and the settlement demand at trial was $250,000. After trial, however, the only damages awarded amounted to a little more than $16,000.
Attorneys Arthur Xanthos and William Brophy recently obtained a stunning victory on behalf of an Upper East Side co-op, that had been sued by shareholder-tenants seeking seven figures in damages due to leaks into their apartment over a span of nine years. Specifically, the shareholder-tenants sought money for a maintenance abatement, diminution in value to the apartment, property damage, and punitive damages. The complaint sought more than $1 million, and the settlement demand at trial was $250,000. After trial, however, the only damages awarded amounted to a little more than $16,000.
9/10/19