News

January 25, 2018 News

Morrison Cohen Represents Lender Group in Resolving Collection Action with Condo Developer

January 25, 2019 – Morrison Cohen Partners Y. David Scharf and Gayle Pollack represented a group of lenders in successfully resolving a collection action against a construction executive who was accused of misusing funds meant for a luxury New York City condominium project and failing to repay a related $4 million loan while flaunting his “lavish lifestyle” on Instagram.  The matter was covered in the article “Condo Developer, Lenders Resolve NYC Loan Fight” that appeared in Law360 on January 8, 2019.