The Real Deal: Marc Held, Partner at Held & Hines, LLP quoted about Rector Square Levy, Deutsch hit with new $20M suit at Rector Square December 23, 2010 03:30PM By David Jones alternate text Rector Place and Yair Levy Embattled developer Yair Levy and his son-in-law Daniel Deutsch are facing a $20 million lawsuit from unit owners at the Rector Square condominium, alleging they failed to complete construction and pay common charges as well as illegally converted funds at the […]
The unit owners are pleased that the court has prevented Yair Levy from getting out of his legal and financial responsibilities under the law by denying Mr. Levy’s claims that the attorney general’s office did not have the authority to act,” said Marc Held
“Clearly, a sponsor should be held fully accountable when he raids a segregated reserve fund account designated for the benefit of unit owners in order to pay for his personal Macy’s and American Express credit card bills,” said Held in an e-mailed statement. “Basically, Mr. Levy went for the grand slam, but struck out instead!”
