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Matter of Oakwood Beach Bluebelt, Stage 1, 2023 WL 5943922, AppDiv, Second Dept. (memorandum opinion)
In a condemnation proceeding, the City of New York appealed from Supreme Court's award of attorneys' fees to claimant based upon interest that accrued while a prior appeal was pending. The Appellate Division affirmed, holding that Supreme Court had providently exercised its discretion.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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