Raymond N. Hannigan: news
New York Law School, J.D., Notes and Comments Editor of the New York Law School Law Review, 1987
magna cum laude
University of Florida
U.S. District Court, E.D. New York
U.S. District Court, S.D. New York
U.S. Court of Appeals, 2nd Cir.
$899M Miami Hotel Suit Belongs In Fla., NY Judge Says
October 1, 2012 -- Law360
A New York state judge dismissed a Miami hotel owner's $899 million suit and called it out on possibly forum shopping the case, which accuses Wells Fargo Bank NA and other servicers of the hotel's mortgage of releasing confidential financial information. The dismissal comes as a win for Herrick’s clients, the loan servicers, which had argued their motion to dismiss the suit in August and blasted the plaintiff at the time for trying to avoid the Florida courts, where the hotel owner has lost repeatedly. Ray Hannigan is quoted in the article, saying Judge Ramos went out of his way to highlight the gamesmanship unfortunately being engaged in by Philips in New York.
Wells Fargo and LNR are represented by Raymond N. Hannigan and Daniella M. Muller of Herrick.
NY Judge Weighs Move For $899M Miami Hotel Mortgage Suit
August 9, 2012 -- Law 360
In an article about a recent ruling in New York State Supreme Court in the Philips South Beach LLC v. NLIM Real Estate Mezzanine Fund II LP et al. case, it is noted that Partner Raymond N. Hannigan and Associate Daniella M. Muller of Herrick, Feinstein are representing Wells Fargo. The Court issued a stay in the case as it considers sending it back to Florida where it originated. Ray Hannigan is quoted, explaining that the plaintiff is trying “to get around a judge in Florida”.
Receiver tapped for 36 West Side apt. buildings
December 9, 2011 -- Crain's New York Business.com
Ray Hannigan contends that by filing a foreclosure action on a 36-property portfolio of apartment houses owned by Pinnacle Group and the Praedium Group, our client, Dune Real Estate Funds, is simply seeking to be repaid the money it is owed or bring the foreclosure to completion. The debt accrued as a result of a loan modification.
A Harlem Cultural Hub Is Threatened by Debt
February 1, 2011
Ray Hannigan is quoted in The New York Times article “A Harlem Cultural Hub Is Threatened by Debt." The article discusses the foreclosure action brought against our client, the National Black Theatre, which threatens to close the doors of one of Harlem’s most prestigious cultural and educational institutions.
‘Bad Boy’ Guarantees Snarl Billions in Real Estate Debt
January 19, 2011 -- The New York Times
Ray Hannigan analyzes the role of springing guarantees -- or so-called bad boy guarantees -- in commercial real estate lending workouts. Ray notes that in the last downturn -- in the late Eighties and early Nineties -- defaulting borrowers would file for Chapter 11 protection just before lenders moved to foreclose.
Judge Rules Against Applebee’s Lease in Harlem Building
July 17, 2009 -- New York Times blog City Room
This story notes that we prevailed in a piece of real estate litigation on behalf of our client, National Black Theater, which sued to prevent the opening of an Applebee's franchise on a Harlem property that NBT co-owned with a partner. The partner leased the space to the franchise, and NBT sued to block it, claiming that the presence of an Applebee's would be inconsistent with NBT's cultural integrity and mission. Raymond Hannigan, lead attorney in the case, noted that the primary plaintiff died during the proceedings but would have been pleased that the court vindicated her position.
Realty Law Digest
November 7, 2007 -- New York Law Journal
Ray Hannigan's litigation success on behalf of a commercial tenant who sued a landlord for failing to complete construction of a leased premises in a timely manner is mentioned in this column. The court awarded direct damages and attorneys' fees, and also damages arising from lost profits.
Scarano Pointing the Finger Back
November 2007 -- The Real Deal
Ray Hannigan is quoted on his client's suit against architect Robert Scarano over Scarano's alleged misuse of air rights above buildings adjacent to the "finger building" in Brooklyn.