Real Estate, Rental & Leasing

MM&H represents CISAM, a limited liability company which owns approximately 18 apartment buildings in New York, with a (contested) valuation of between $50MM and $125MM. MM&H also represents two of three members of CISAM. All the members of CISAM are siblings. It was formed in 1996 by the siblings’ late father to hold interests in real estate, unsold shares in cooperative corporations, and several other investments, as well as funds and liquid investments in brokerage accounts. One of the siblings, Sarah Sternklar, commenced litigation in the New York Supreme Court, Commercial Division, against the company and MM&H’s clients, Cindy and Mark Sternklar, asserting a series of allegations that defendants engaged in various conduct violative of their duties and Sarah’s rights, including denying or interfering with access to books and records, using CISAM funds for personal expenses, and amending CISAM’s operating agreement without her consent. The claims are being actively litigated and are expected to lead to a valuation and withdrawal process in the coming months.

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