Only on Park Avenue: Adam Leitman Bailey’s Counsel Leads to Successful Election and Turnabout on Important Issues for a Cooperative
In one of the most prestigious cooperative buildings on Park Avenue, the same board had been in office for almost two decades. The board had been making decisions that were harming the building including calling for the rebricking of the entire building costing millions of dollars and a sharp increase in maintenance.
Initially hired to stop the rebricking and to order an additional expert opinion on what needs to be done to repair the building, Adam Leitman Bailey, P.C. contacted the existing board and counsel and achieved:
1. The board agreed to stop the rebricking.
2. The board agreed to resign and call immediate elections.
3. The board agreed to accept an additional report taking an additional opinion on the matter.
However the mission would not be accomplished unless the group that hired Adam Leitman Bailey, P.C. won the election.
Adam Leitman Bailey, P.C. used all of the keys for winning the election including using prior experience on the secrets to winning an election.
At the annual meeting, based on the initial counting of the proxies submitted, the vote was almost tied. Any shareholder’s vote could ultimately become the deciding vote.
Serendipitously, a voter left the meeting room. Adam Leitman Bailey followed. Waiting in the hallway, this person came up to Adam Leitman Bailey and asked him if he was counsel for the group. He asked Adam Leitman Bailey 15 minutes of questions. Adam Leitman Bailey never asked him or told him how to vote, but made the case for change.
The votes were counted the next morning and Adam Leitman Bailey, P.C.’s office served as one of the inspectors of elections. Adam Leitman Bailey, P.C. won the election.
Three months later, it appears that the building is in good hands.
Adam Leitman Bailey, Joanna C. Peck, and Len Ritz led the Adam Leitman Bailey, P.C. team on this matter.