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- Condemnation Law: Limitation on Accrual of Interest Upheld on Appeal
Condemnation Law: Limitation on Accrual of Interest Upheld on Appeal
Carter Ledyard successfully represented Empire State Development on an appeal upholding a Supreme Court decision halting the accrual of interest on certain claims relating to ESD’s exercise of its eminent domain power to further Columbia University’s academic mixed-use development in West Harlem. Claimants in the case had sought additional time to file appraisals, and also had sought to depose ESD’s appraiser. ESD opposed the request for discovery and asked the court to cease the accrual of interest during the extension period. Since interest typically accrues at 9% until awards are made on such claims, the accrual of interest can have significant cost impacts. The cessation of the accrual of interest during the extension period was upheld despite the claimants’ assertion that interest on condemnation claims is an inviolable constitutional right. Partner John R. Casolaro and associates Victor J. Gallo and Theodore Y. McDonough represented ESD in the lower court and on the appeal.
Ms. Mann was asked to comment on the lawsuit alleging that the Trump Foundation charity used funds for personal and political purposes.
Carter Ledyard is pleased to welcome the arrival of Ms. Dreizen to the firm as Counsel in the Corporate department.
Partner Steven Paul McSloy gave a presentation at the Consulate General of Ireland in NYC on “The American Indian as Irishman: The Lost Connection”
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Our 2017 Year in Review highlights the cutting-edge work of our clients, both foreign and domestic, and some of the ways we helped them succeed.
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Val Vasi discussed aint-money laundering (AML) guidelines in the art world and AML regulations in the financial services industry
Carter Ledyard client Lisa Schwarz, developer of the Comprehensive Resource Model trauma treatment model, prevailed on her motion for contempt against Dr. David Grand in proceedings in the Federal District Court for the…
Together with Her Justice, Carter Ledyard attorneys were successful in guiding pro bono clients apply for their U-Visa, obtain deferred and final approval of legal status, and receive employment authorization.