Jon A. Stockman, Esq. joins YRSS

We are pleased to announce that Jon A. Stockman has joined the firm as an Associate.

Summary Judgment Granted to YRSS's Client. A NY LLC, and its Manhattan Property, Remain Shielded from Enforcement of a $3 Million Judgment

Motion to Reargue is Granted; Kings County Commercial Division Judge Dismisses Lawsuit Against Three Corporate Defendants and its Principal

YRSS defended three corporate defendants and their principal in an action which sought to rescind and enjoin the continued performance of a $2.6 million stock purchase agreement. The Court dismissed the complaint on re-argument of Peter  E. Sverd's motion to dismiss. Dismissal of the case early on in the litigation saved the client precious time and with minimum interruption of the transaction. 

See Liu v. Asian Supermarket Corp., et al. New York State Supreme Court, Index No.: 3710/2012

Paul J. Sagar, Esq. joins YRSS

We are pleased to announce that Paul J. Sagar has joined our firm as an Associate Attorney. A graduate of the Brooklyn School of Law, Paul’s experience in commercial law and litigation makes him a great asset to the law firm and to our clients. Paul’s professionalism, hard work, and diligence, will enable our law firm to continue to provide excellent legal representation that each and every one of our clients have grown accustomed to, and deserve.

YRSS's Client Wins on Appeal

YRSS was right on the law and on the facts and our client's rights were vindicated. In a published decision, the Appellate Term of the New York State Supreme Court, Second Department, confirmed that the law treats the sale of a mobile home as a sale of 'goods' under the Uniform Commercial Code ("U.C.C."). Under the U.C.C.  a seller's remedy for the intentional breach of a buyer, who backs out of a contract to purchase goods, is limited to twenty per cent of the value of the contract or $500, whichever is less, unless the parties agree otherwise.  While not represented by an attorney, our client paid a down payment to purchase a "house" in Florida that she intended to move to in her retirement. Further investigation revealed that the house was actually a mobile home, which was not what the client had bargained for. Our client immediately canceled the contract and demanded the immediate return of her down payment. The seller refused to return the down payment and instead treated the down payment as liquidated damages. YRSS commenced suit on behalf of the purchaser, and our attorney Peter E. Sverd, was disappointed when the trial judge dismissed the case after a bench trial.  YRSS appealed the decision and the Appellate Court got it right. Mrs. Santos got her money back, less the $500 that was provided for under the Uniform Commercial Code. See, Santos v DeBellis, 901 N.Y.S.2d 457 (N.Y.Supp.App. 2010).