Real Estate Investment Firm – Summary Judgment Granted in Breach of Contract Dispute

Represented real estate investment firm in breach of contract dispute regarding a books and records clause in a loan participation agreement.  The New York State Supreme Court, Commercial Division granted summary judgment in favor of Herrick’s client and endorsed the interpretation of the books and records clause propounded by Herrick without exception. Under the order, the defendant was required to turn over a comprehensive set of its records to Herrick’s client. In addition to specific performance of the books and records clause, Herrick obtained an award of prevailing party legal fees.