Realty Law Digest
Scott E. Mollen, a partner at Herrick, Feinstein, "Magid v. Waldman," and "1267 Rogers Ave. LLC v. First American Title Ins. Co."
October 06, 2020 at 02:06 PM
16 minute read
Arbitration—Real Estate Investor Dispute—Arbitrators Conduct Was "Troubling in Some Respects"—Award Confirmed Based on Failure To "Timely and Adequately Raise" Conflict and Bias Issues—However, Court Vacated Award of Attorney Fees
The petitioners had approached the respondent regarding the respondent's property. The respondent owned half the property and a partner owned the other half. The parties entered into an agreement for the development of the property and for petitioners to buy out the respondent's partner. The parties disagreed as to the terms of the agreement.
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