Securing Hundreds of Millions in Value for Major New York
and Miami Real Estate Investor
After securing a complete recovery against Allied Partners and its Paul Weiss lawyers in a $200 million real estate litigation, Allied retained us as its new “go-to” counsel and over the next two decades our cases have delivered hundreds of millions in value to its real estate portfolio.
“He cares as much about your case as you do. He sued me once and he has been my lawyer for the 20 years since.”
Eric Hadar, founder and CEO of Allied Partners
Allied Partners is a leading real estate developer in New York and Miami for which we have secured hundreds of millions of dollars in value. It did not begin that way, however. In the early 2000s, we were retained to sue Allied Partners on behalf of its former partners in connection with a staggering $200 million sale of the iconic 1 E. 57th Street on 5th Avenue in Manhattan announced shortly after our partners were bought out. That case set precedent in New York concerning the fiduciary duties among partners, and we secured a complete victory against Allied and its law firm Paul Weiss.
Thereafter, Allied and its founder and CEO Eric Hadar retained us to represent them ever since. In the course of this work, we have added hundreds of millions of dollars of value to their real estate portfolio. Notably, when Allied Partners was sued by other partners, our counterclaims ultimately forced those partners to surrender what their own lawyer described in open court as “the crown jewels of the real estate portfolio,” including the historic Bryant Park Hotel. Even more significantly, we later used civil RICO claims to force a bank holding a distressed note on the historic Savoy Hotel in Miami Beach to surrender it to “white knight” Allied Partners a property worth hundreds of millions of dollars for just a few million.