Dossier
Fox Rothschild
Coverage of Fox Rothschild in the Nexus archive.
- Precedent-setting Steinway Tower decision raises challenges for real estate attorneys
A New York Court of Appeals decision in the Steinway Tower case created a precedent by allowing a lawsuit to proceed despite 'sole discretion' contract language, challenging the enforceability of such clauses. The ruling emphasized an implied covenant of good faith, raising concerns among real estate attorneys about increased litigation costs and delays.