The Pennsylvania Superior Court has ruled that an investment management company is responsible for paying more than $71,000 in legal fees to a Pittsburgh firm that defended litigation related to a distressed shopping center, despite the company’s contention that its subsidiary should be on the hook for the bills.
In an unreported opinion in Sittig, Cortese & Wratcher v. New York Life Investment Management, a unanimous three-judge panel upheld an Allegheny County trial judge’s ruling that defendant New York Life Investment Management owes Pittsburgh-based real estate law firm Sittig, Cortese & Wratcher more than $71,000 in unpaid legal fees for the firm’s defense of various claims related to a shopping center in which the company had an equity stake.
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