BM&S Partner Nicholas Paslow Secures Successful Arbitration Victory in Defense of Property Owner and Contractor

Black Marjieh & Sanford LLP Partner Nicholas Paslow received a successful arbitration defense victory for the firm’s clients, a property owner and contractor. The case involved our clients’ construction project in Long Island City, which was located adjacent to the Plaintiff’s building. Plaintiff claimed structural damage to its property as a result of excavation at the neighboring project.  Prior to the arbitration, Plaintiff received approximately $2 million in prior payments from its first-party insurance carrier and settling parties not represented by our firm. At the arbitration, Plaintiff claimed damages exceeding $22 million, inclusive of property damage, lost rent and statutory interest.  The arbitration panel determined Plaintiff’s damages were less than its prior recovery and awarded Plaintiff a total award of $0, after a set-off for insurance proceeds and settlement payments.