Perhaps the better question is how did the underwriter not see subsequent new stories that the coal mine was a fiction?

“According to the February 2016 complaint, plaintiff was co-lead underwriter of a public offering of stock by Puda Coal, Inc., whose principal asset was its 90% interest in Shanxi Coal. Defendant was retained as…

Cathedral Gardens Condo Assn. v 110th St.  Equities, LLC.  2018 NY Slip Op 32618(U)
October 15, 2018 Supreme Court, New York County Docket Number: 600175/2009
Judge: William Franc Perry stands for the principle that there can be either direct liability for a failure to provide professional services (tort) which brings “loss of asset” style damages,…

The Client is deaf.  A settlement is reached in his case.  The attorneys translate the settlement proposal to American Sign Language and the settlement is sealed.  The client then says that the settlement amount is not that which was translated.  He says he is getting less than he was told in ASL.  What to do?…

We have often wondered at the quick demise of businesses that have spent a lot of money and time setting up a storefront, only to close 4 or 5 months later.  How could the owner invest so much and either mistake the customer base or make some other vast miscalculation?  Agatha LLC v Heller
2018…

Spiegel v Ahearn  2018 NY Slip Op 32472(U)  October 1, 2018  Supreme Court, New York County
Docket Number: 101251/2016  Judge: Melissa A. Crane is a very unusual case.

“Between 2006 and 2012, plaintiff pro se Michael Spiegel and defendants Thomas Ahearn, Liridona Kastrat, Kristopher Kennington, and David Ortiz were employed by the Hotel Edison (“Hotel”),…

The development of an apartment building in Manhattan is a mega-big thing.  Not only does it cost a lot, but there are a large number of difficult rules. W 106 Dev. LLC v Pilla  2018 NY Slip Op 32596(U)  October 10, 2018  Supreme Court, New York County  Docket Number: 654801/2016
Judge: Debra A. James …

In Sutton Animal Hosp. PLLC v D&D Dev., Inc.  2018 NY Slip Op 32425(U)  September 24, 2018  Supreme Court, New York County  Docket Number: 652781/2016  Judge Debra A. James discusses the difference between negligence of a professional to one in privity and to one only in quasi-privity.  The difference is enormous.

“Moving defendants are correct…