December 15, 2009
In a single asset bankruptcy case, ARY represented the holder of the mortgage on the debtor's only property and successfully defeated the debtor's attempt to have a plan of reorganization approved which would have resulted in the cram-down of the secured creditor's mortgage. For more information concerning this matter, please contact Joseph Aronauer (jaronauer@aryllp.com) or Ken Yudell (kyudell@aryllp.com).

December 7, 2009
Following the entry of a default judgment in favor of ARY's client in an action pending in the Supreme Court, New York County, the defendants moved to vacate the judgment alleging that service of process was not properly effectuated. The court directed that a traverse hearing be held on the issue of service. At the hearing, ARY successfully established that service on the individual defendants was properly made. For more information, please contact John Re at jre@aryllp.com.

October 15, 2009
The New York Court of Appeals issued a decision favorable to ARY's client concerning the issue of champerty. The decision was hailed as extremely important to parties involved in the secondary loan market and the purchase of distressed debt and was featured on the front page of the New York Law Journal. ARY assisted appellate counsel with briefing the appeal. For more information concerning this matter or to obtain a copy of the decision, please contact Ken Yudell (kyudell@aryllp.com).

August 2009
ARY welcomes its new associate, Andrew MacArthur, to the firm. Andrew was formerly an associate with Latham & Watkins, LLP.

April 2009
ARY was selected by a CMBS special servicer to represent several REMIC Trusts in connection with the General Growth Bankruptcy. The special servicer is servicing more than $1 billion of mortgages made by various debtors in the bankruptcy cases. For more information concerning this matter, please contract Joseph Aronauer (jaronauer@aryllp.com) or Ken Yudell (kyudell@aryllp.com).

February 2009
ARY represented a parking operator in protracted negotiations with Metro North Railroad. The parties successfully negotiated a contract for ARY's client to operate most of Metro North's parking facilities. For any questions on this matter, please contact Mike Scher at mscher@aryllp.com.

March 30, 2008
For the second time, Judge Sterling Johnson, United States District Court, Eastern District of New York, granted ARY's motion for sanctions against counsel for the opposing party. The court found that counsel's motion for reconsideration of a prior grant of summary judgment and sanctions was without basis and simply an attempt to relitigate the prior claims. The decision is reported at Staples v. W.J.R. Associates, et al., 2008 WL 5133721 (E.D.N.Y. 2008). For more information or for a copy of the decision, please contact John Re at jre@aryllp.com.

January 15, 2008
ARY represented a client who sold two properties for approximately one hundred million dollars, and then over the next few months purchased three replacement properties in Section 1031 exchanges utilizing virtually all of the one hundred million dollars. For any questions on this matter, contact Howard Sommers (hsommers@aryllp.com).