Thomas E. L. Dewey Proposed Settlement of Claims Arising from Sale of Stuyvesant Town Property Approved as 'Fair and Reasonable'
In 2010, the former owners of the Peter Cooper Village and Stuyvesant Town property defaulted on their mortgage. Five years later, that property was sold at a profit that paid off outstanding principal and interest. Litigation then ensued over the allocation and distribution of certain excess proceeds from the sale.
April 12, 2024 at 10:00 AM
11 minute read
In 2010, the former owners of the Peter Cooper Village and Stuyvesant Town (Stuy Town) property defaulted on their mortgage. Five years later, that property was sold at a profit that paid off outstanding principal and interest. Litigation then ensued over the allocation and distribution of certain excess proceeds from the sale.
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