"An Eminent Domain notice does not making the loss of a business inevitable," says Philip Sanchez, partner
New York, NY (PRWEB) September 19, 2016
Sanchez & Polovetsky, PLLC, (http://www.spnylaw.com) a midtown Manhattan law firm focusing its practice in eminent domain law, is pleased to announce that it has successfully settled a complex eminent domain case in the Matter of Mogul Media vs. State of New York, NYS Court of Claims Claim No. 124789 (2014). Although details of the settlement are confidential, attorneys at the firm have confirmed that they obtained more than a Four Thousand Seven Hundred Percent (4,700%) increase in the condemnation award for their client Mogul Media, Inc., over and above the amount initially paid to Mogul Media Inc. by the State of New York.
The long and complex legal proceedings, commenced by the firm in August of 2014, were settled on the eve of trial. Public records show that a stipulation of discontinuance and settlement was filed with the Court of Claims on September 9, 2016, approximately two (2) years after Sanchez & Polovetsky filed Mogul Media’s lawsuit.
According to court documents, the Condemnor New York State Department of Transportation (the "DOT") permanently acquired the real property known as 536 Porter Avenue a/k/a 38-66 Cherry Street, Brooklyn, NY 11222 through its powers of eminent domain on or about August 4, 2011. Mogul Media was the owner of the sign structure that was located on the seized property. After receiving a small and dissatisfactory amount of compensation for its seized sign from the DOT, Mogul Media retained the legal team at Sanchez & Polovetsky, PLLC to prosecute its claim for additional compensation under the eminent domain laws.
The result was a 4,700% increase in Mogul Media’s condemnation award.
"We are thrilled to have helped Media Mogul increase its condemnation award by over 4,700%. And no that’s not a typo-the final award really was close to 5,000% higher than the amount of the initial payment that the DOT made to our client. The Kosciusko Bridge project has displaced many businesses, and we are proud that we can continue to help affected businesses stay open and continue to operate," says Jennifer Polovetsky, Esq. partner at Sanchez & Polovetsky PLLC.
"An Eminent Domain notice does not making the loss of a business inevitable. We understand the importance of obtaining a fair condemnation award that will allow a business to be adequately compensated for its loss. The right legal support can ensure that businesses affected by eminent domain do not suffer a loss but instead can grow and relocate—this in turn helps the overall U.S. economy,” says Philip A. Sanchez, Esq., partner at Sanchez & Polovetsky PLLC.
ABOUT SANCHEZ & POLOVETSKY, PLLC
Sanchez & Polovetsky, PLLC is a midtown Manhattan based law firm, with offices at The Commerce Building, which focuses its practice in eminent domain law. The attorneys at the firm have over three (3) decades of combined legal experience in both the public and private sectors. Jennifer Polovetsky, Esq., who started her career as an attorney at the New York City Law Department in 2000 before entering private practice in 2003, is the firm's founding Member and a seasoned litigator with extensive experience in all aspects of Eminent Domain Law and Real Estate Law. Philip A. Sanchez, Esq., who became a Member of the firm in 2012, has over sixteen years of legal experience in both the public and private sectors, with a focus on Eminent Domain Law.
Both Jennifer Polovetsky and Philip Sanchez were named to the 2015 and 2016 Super Lawyers list.
More information about the firm can be found on its website at: http://www.spnylaw.com