NEWS & APPEARANCES
Adam Leitman Bailey, P.C. Achieves Large Financial Settlement Allowing 16 Unit Brooklyn Condominium to Repair Faulty Newly Constructed Building
Unlike many other condominium sponsors facing this situation, this sponsor did return phone calls and did agree to repair the work. However, the board quickly learned that all of the sponsor repairs were just as shoddy, no more than a band-aid on the original work. Sponsor was merely caulking and even using duct tape to keep the rain from pouring into the units. Sponsor was using these tactics to prevent the board and unit owners from realizing how bad the construction truly was – in order to delay any law suit beyond the statute of limitations. When the board became wise to sponsor's tricks, the board turned to Adam Leitman Bailey, P.C. for help.
We contacted local politicians and submitted a
complaint on behalf of the board to the New York State Office of the Attorney
Finally, after months of negotiation and mediation
before the Office of the Attorney General, we reached a large all-cash settlement. No more band-aid repairs for this
condominium. The board is now using the
settlement proceeds to make the repairs in order to put the buildings and units
in the condition promised in the offering plan and marketing materials.
Adam Leitman Bailey, John M. Desiderio were on the legal team at Adam Leitman Bailey, P.C. representing the board.