Firm Victorious in Dismissing Claims against Real Estate Investor for Brokerage Fees
Oved & Oved LLP successfully secured a victory for its real estate investor client in connection with its purchase of a portfolio of residential properties, obtaining summary judgment dismissing with prejudice the complaint filed by a real estate brokerage firm that sought to extract unearned and excessive brokerage fees from our client.
The Court, in its Decision, adopted the firm’s arguments, holding that Plaintiff’s minimum efforts were not sufficient under New York law for Plaintiff to be considered the “procuring cause” of our client’s purchase of the real estate portfolio, and that Plaintiff was not entitled to a brokerage commission for work that another brokerage firm performed. The Court repeatedly quoted the firm’s examination of key witnesses during depositions in support of its Decision.
Oved & Oved attorneys Darren Oved and James Reilly successfully represented Defendants in this matter.