New York, NY (PRWEB) September 1, 2009
The Law Office of Michael C. Rakower, P.C. announces its success in winning the reversal of an approximately $2,000,000 judgment against its client by exposing defects in a confession of judgment previously submitted to the court by the client's adversary in a commercial dispute.
"We are absolutely thrilled to have won this action for our client," says Rakower, whose client has been saved approximately $10 million due to recent victories by the Law Office. Rakower chalks this stunning record of success up to "hard work and a good team of lawyers passionate about our clients."
This recent win has its roots in an action that was settled in August 2006 between a property developer in Flushing, Queens and a former business partner. The settlement agreement imposed financial obligations on both parties, and each party subsequently claimed that the other had breached the agreement. In December 2007, the former business partner attempted to gain the upper hand when he obtained a judgment of nearly $2 million against the Flushing-based developer by filing a document that he claimed was a confession of judgment signed by the developer. Armed with the resulting judgment, the former partner froze the developer's bank accounts and began collecting on the judgment. The Law Office of Michael C. Rakower, P.C. was hired to represent the developer.
"We took a look at the judgment and the papers supporting it and realized that the judgment never should have been granted," says Michael Rakower, a principal of the boutique litigation firm in New York that bears his name. "The so-called confession was not valid. Once we exposed the truth, the court reversed itself and ordered the investor to pay back the money he took from our client." Overturning the judgment was 'tricky'," says Rakower, who explained that courts are reluctant to reverse themselves. "We worked extremely hard to develop our case and make it as clear as possible for the court. We are very pleased that the court carefully examined the issues before rendering its thoughtful decision."
Rakower offered high praise for attorneys Harvey Stuart and David Miller, who "did excellent work in probing the law and honing our client's case for the court." According to Rakower, attorneys Stuart and Miller became scholars in the area of New York procedure with respect to civil confessions of judgment. So good, in fact, that Stuart and Miller have written an article for publication that will guide other lawyers facing similar situations.
"We want our clients to know that we will never tire when fighting for their needs," says Rakower.
The cases referenced in this press release were each brought in New York State Supreme Court, Queens County and bear Index Nos. 17200/08, 25071/05 and 25072/05.
The Law Office of Michael C. Rakower, P.C. is a litigation boutique located in midtown Manhattan. The Law Office represents individuals and companies requiring exceptional attention to complex concerns.
In 2009, the New York Law Journal recognized the Law Office of Michael C. Rakower, P.C. as a firm achieving standout success in the legal marketplace. In 2007, Lawyers USA named Michael C. Rakower among the nation's top eight "up and coming" lawyers. In 2006, the New York State Bar Association honored Mr. Rakower as its Outstanding Young Lawyer of the Year.
Recognized by national news media as an international law expert, Mr. Rakower has appeared on television to discuss matters concerning the Foreign Sovereign Immunities Act, the accountability of United Nations officials, and the extradition of a U.S. murder suspect.
For more information about the Law Office of Michael C. Rakower, P.C. please contact:
Law Office of Michael C. Rakower, P.C.
info (at) rakowerlaw (dot) com