A recent decision by the Appellate Division of the New York Supreme Court dealt a major blow to the investors involved in Luxor Cap. Grp. LP v. Altisource Asset Mgmt.
The Election Day countdown is melting from days into hours as candidates, voting offices, and the courts are girding for both traditional and unexpected challenges. In some spots, counting has already begun. In other battlegrounds, nominees are making their final pitches, wooing nontraditional supporters, and looking ahead.
The Appellate Division of the New York Supreme Court just issued the latest significant ruling in the mass arbitration space, a litigation trend that has been gaining notoriety over the last year and a half.
Times Telegram
The Herkimer village board on Monday again voted against a proposal to end the village’s litigation with the Herkimer County Industrial Development Agency over water rents for the H.M. Quackenbush property so it can be turned over to the Herkimer 9 project.
When the mayor asked what it would take to get the board members to agree to a settlement, Ainsworth said the village would have to receive a written guarantee from the IDA that the property would be turned over to the Herkimer 9 project if the board agrees to end the litigation.
The Herkimer 9 project wants to take over the building and restore it for a planned business incubator facility and museum.