Sunday, December 18, 2011

Firm represents LI bank in complex financing transaction

Egan & Golden LLP represented a prominent Long Island  financial institution in the closing and purchase of a large municipal financing portfolio. The complex transaction involved the negotiation, structure and closing of the acquisition of a $5 million mortgage, which is secured by over 58 acres of land, and the assignment of an Installment Land Purchase Agreement. Justine Tocci, Esq. represented the client in the transaction. Egan & Golden LLP has extensive experience in representing corporations and financial institutions in all aspects of complex corporate and financial transactions.

Major Victory in Complex Construction Litigation

In a complex multi-party construction litigation, Egan & Golden’s litigation team obtained summary judgment for claims of breach of contract and successfully defeated all counterclaims against its client, J. Tortorella Swimming Pools, Inc. The Court awarded the full amount of the client's claim as well as a full recovery of attorneys fees.  The Court’s decision ended four years of litigation concerning a major renovation project in the Hamptons undertaken by the firm's client. Firm partner Brian T. Egan, and associates Justine Tocci and Christopher Bianco, successfully argued that the firm's client complied with the terms of its agreement and was not responsible for subsequent changes made to the construction plans. The decision can be found here (J. TORTORELLA SWIMMING POOLS vs. GANS, JIL & BERNARD, Index No. 012662-2007, Suffolk County, Supreme Court).