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Stuyvesant Town (Mezz vs Senior Debt, part II) a case to watch
  • Haynes and Boone LLP
  • USA
  • January 27 2015

A high profile dispute between the senior mortgage lender consisting of four securitization trusts (collectively, the "Senior Lender") and their

Court enjoins sale of equity collateral based on interpretation of intercreditor agreement
  • Chadbourne & Parke LLP
  • USA
  • December 21 2010

A New York state trial court recently granted the motion of plaintiffs Bank of America, N.A. (Bank of America) and U.S. Bank National Association for a preliminary injunction enjoining defendant PSW NYC LLC (PSW) from acquiring or selling certain equity collateral without first paying plaintiffs the outstanding amounts owed to them under a senior loan made in connection with the financing of the acquisition of the residential housing development known as Peter Cooper Village and Stuyvesant Town.

Certificate holder's bid to intervene in stuy-town foreclosure shot down
  • Lowenstein Sandler LLP
  • USA
  • July 6 2010

Judge Alvin Hellerstein of the US District Court for the Southern District of New York has shot down an investor's bid to intervene in a special servicer's foreclosure proceedings over New York's Stuyvesant Town and Peter Cooper Village housing complexes in order to protect its investment of approximately $750 million in securities backing a $3 billion mortgage taken down to finance the acquisition of the lower Manhattanbased assets.

Roberts v. Tishman Speyer Properties, L.P. (New York Court of Appeals, Oct. 22, 2009)
  • Seyfarth Shaw LLP
  • USA
  • March 10 2010

New York State's highest court ruled that the owner of the massive apartment complexes known as Peter Cooper Village and Stuyvesant Town in Manhattan improperly overcharged rent to thousands of tenants.

David Fleischer
  • Haynes and Boone LLP