Heritage Partners, LLC v. Stroock & Stroock & Lavan LLP
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Shirley Werner Kornreich, J.), entered May 9, 2014, which granted defendant’s motion to dismiss the complaint alleging legal malpractice, unanimously affirmed, with costs.
The court applied the correct standard and properly dismissed the complaint. Its unsupported factual allegations, speculation and conclusory statements failed to sufficiently show that but for defendant’s alleged failure to advise plaintiffs to pursue Chapter 11 bankruptcy upon their default on a $47 million loan, plaintiffs would not have lost approximately $80 million in equity in the…
2Cases cited6 opinions
- Rudolf v. Shayne, Dachs, Stanisci, Corker & SauerNew York Court of Appeals · 2007
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- Sherwood Group, Inc. v. Dornbush, Mensch, Mandelstam & SilvermanAppellate Division of the Supreme Court of the State of New York · 1993
- David v. HackAppellate Division of the Supreme Court of the State of New York · 2012
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