FEBRUARY 2, 2015

Chetrit Closes on $191.9M Purchase of Hotel Carter

COMMERCIAL OBSERVER | Chetrit Group has closed on its $191.9 million purchase of the historic Hotel Carter and took out $150 million in mortgages from life insurance company Athene Annuity. The seller was Alphonse Hotel Corp., a company controlled by the heirs of deceased Vietnamese businessman Tran Dinh Truong. Ernst Rosenberger, of counsel in Stroock’s Litigation department, the court-appointed temporary administrator of the Truong estate, explained that the building was sold in order to distribute the assets.


Stroock Partner Robert Plaze to Speak at 2015 Investment Adviser Compliance Conference

Stroock Partner Robert Plaze will be speaking at the 2015 Investment Adviser Compliance Conference in Arlington, VA. The event will take place March 5-6, 2015.

  • March 5-6, 2015 - 2015 Investment Adviser Compliance Conference
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  • March 9-11, 2015 - Entertainment Finance Forum
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  • March 11, 2015 - The Lawyer's Duty to Check His/Her Facts
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    Housing New York: A Quick Look at Mandatory Inclusionary Housing Programs (and Legal Issues under Federal Takings Law)

    As Mayor Bill de Blasio highlighted in his recent State of the City Address, New York City is poised to launch a mandatory inclusionary housing program. It appears likely that under the mandatory program, the City would rezone certain manufacturing districts – such as those along Atlantic Avenue in East New York, Brooklyn – allowing developers

    to build residential buildings if they provide affordable housing through the inclusionary housing program. This Stroock Real Estate Special Bulletin reviews the provisions of inclusionary housing programs in other cities and analyzes some of the issues that are raised by mandatory inclusionary housing in the context of federal takings law.


    "Claimed Hybrid Web Page System Combining Product Information from Third-Party Website and Visual "Look and Feel" from Host Website Held Patent Eligible"

    In DDR Holdings, LLC v. Hotels.Com, L.P., the Federal Circuit held patent eligible a claimed system that generated and directed a visitor to a hybrid web page that combined product information from a third-party and visual “look and feel” elements from a host website.

    This Stroock Special Bulletin examines the DDR Holdings decision, in which the Federal Circuit reasoned that when the claims were taken together as an ordered combination, the claims recited an invention that was not merely a routine or conventional use of the Internet.


    Recent Developments in Data Furnisher Liability under the Fair Credit Reporting Ac

    Furnishers of credit information should remain vigilant as to their obligations under the Fair Credit Reporting Act ("FCRA") to submit accurate data to the credit bureaus and to properly investigate consumer claims that the furnisher submitted inaccurate data.

    The authors of this article review recent FCRA enforcement developments and litigation.