Two Partners Named to Super Lawyers

Todtman, Nachamie, Spizz & Johns are pleased to announce that, once again, Alex Spizz, Co-Chairman of the Firm's Corporate Restructuring, Bankruptcy and Creditors' Rights Group and Paul R. Karan, Chairman of the Firm's Trusts & Estates Group, have been named Super Lawyers.

Ivan Serchuk listed in Best Lawyers In the New York Metropolitan Area

Once again, Ivan Serchuk, Chairman of the Firm’s Banking and Financial Institution Group has been listed in the Best Lawyers In the New York Metropolitan Area which appeared in New York Magazine and The New York Law Journal. Mr. Serchuk has been listed in Best Lawyers in America for almost a quarter of a century.

Two Partners Named to Super Lawyers

Todtman Nachamie is proud to have two honorees named as Super Lawyers again this year. Alex Spizz, Co-Chairman of the Corporate Restructuring, Bankruptcy and Creditors Rights Group and Paul Karan, Chair of the Trust & Estates Group.

Perry Cohen, a Partner in the Firm’s Real Estate Practice Group, recently acted as counsel to a long-term client in connection with the closing of the conversion of a $35,200,000.00 Bond Mortgage Loan from New York City Housing Development Corporation from the construction phase to the permanent phase for a 166-unit apartment building located in Brooklyn, New York.

Perry Cohen has also recently acted as counsel to a developer in connection with its acquisition of a remaining parcel located in the Borough of Manhattan to create an assemblage whereby the client then simultaneously borrowed from the New York City Housing Development Corporation, The City of New York acting through its Department of Housing Preservation and Development and the Community Preservation Corporation the aggregate amount of $18,320,000.00 in construction/mortgage loans to construct and develop the assembled parcels for the development of a rental apartment building with a small commercial component.

The Firm obtained a $1,505,353.00 verdict for its client in the United States District Court for the Southern District of New York. The central issue was whether a passing barge struck the client’s property causing significant damage, namely the collapse of the property’s bulkhead several days later. The Firm presented testimony of witnesses at the scene who felt the impact of the barge striking the bulkhead and expert testimony to verify that the collision caused the damage to the bulkhead, which led to its collapse. The Firm’s proffered testimony successfully overcame defense counsel’s arguments that no collision actually occurred and that the bulkhead was in poor condition in any case. The defendant has appealed to the Second Circuit.

The Firm’s Litigation Department successfully defeated a motion for summary judgment and are permitted to go to trial on 10(b)(5) and related securities fraud claims on behalf of three of the Firm’s clients in the United States District Court for the Southern District of New York. We are very proud of the result given the increased difficulty in getting these types of claims to trial in the face of the heightened legal standards set by both judges and the legislature.