Legal Opinion
Fortress Credit Corp. v. Dechert LLP
Appellate Division of the Supreme Court of the State of New York
Decided November 29, 2011PublishedCited by 10 opinions
1Opinion of the Court
In 2005, Marc Dreier, who was then an attorney, proposed to plaintiffs that they participate in a short-term note program to finance the purchase of foreign real estate assets. The designated borrower would be Dreier’s clients, Solow Realty & Development Company, LLC, and affiliated companies controlled by real estate developer Sheldon Solow (collectively Solow Realty), and Dreier would be the guarantor. The parties executed two loans totaling $60 million in 2006, and, in 2008, Dreier proposed an*616other $50 million loan transaction. For this last loan transaction, plaintiffs required Solow…
2Cases cited4 opinions
- Prudential Insurance v. Dewey, Ballantine, Bushby, Palmer & WoodNew York Court of Appeals · 1992
- Lasalle National Bank v. Ernst & Young L. L. P.Appellate Division of the Supreme Court of the State of New York · 2001
- Denenberg v. RosenAppellate Division of the Supreme Court of the State of New York · 2010
- Federal Insurance v. North American Specialty InsuranceAppellate Division of the Supreme Court of the State of New York · 2007
3Cited by10 opinions
- Mendoza v. Akerman Senterfitt LLPAppellate Division of the Supreme Court of the State of New York · 2015
- Gowan v. Westford Asset Management LLC (In Re Dreier LLP)United States Bankruptcy Court, S.D. New York · 2011
- Cabrera v. CollazoAppellate Division of the Supreme Court of the State of New York · 2014
- Lucky of 195 Madison St. Roofing & Contr. Inc. v. Creif 109 LLCAppellate Division of the Supreme Court of the State of New York · 2023
- Lucky of 195 Madison St. Roofing & Contr. Inc. v. Creif 109 LLCAppellate Division of the Supreme Court of the State of New York · 2023
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