- Category
- Announcements
- Date
- June 29, 2010
- Title
-
Kramer Levin Obtains Dismissal of Action on Behalf of Client Citigroup Global Markets Realty Corp.
On behalf of Citigroup Global Markets Realty Corp., Kramer Levin obtained dismissal of an action commenced in New York State Supreme Court by Amusement Industry Inc. in connection with financing provided by Citigroup to First Republic Group Realty LLC and FRGR Managing Member LLC. By written decision, the Court held that Citigroup was not liable to Amusement, a stranger to the loan transaction, in either law or equity and that Citigroup had a properly perfected first priority security interest. The Court also found that a claim for negligent underwriting against Citigroup was fatally defective since this is not a cognizable cause of action by a stranger against an underwriter. The Kramer Levin team was led by Litigation partner Ronald S. Greenberg with assistance from associates Natan Hamerman and Jessica J. Glass.
Related People
-
-
Ronald S. Greenberg
-
- Partner
- Chair, Real Estate Litigation
- New York
- vcard
-
-
-
Natan Hamerman
-
- Partner
- New York
- vcard
-
