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S.D.N.Y.Substantive rulingFiled Feb. 14, 2024

CCO Condo Portfolio Junior Mezzanine, LLC v. Feldman

Judge
Edgardo Ramos
Docket
1:21-cv-02508
Court
U.S. District Court · Southern District of New York
Pages
1
ContractSummary Judgment
In one sentence

In CCO Condo v. Feldman, Judge Edgardo Ramos entered judgment awarding CCO Condo damages, fees, costs, and prejudgment interest.

Who this affects

CCO Condo Portfolio (AZ) Junior Mezzanine, LLC received judgment against Ziel Feldman and HFZ Capital Group LLC for the stated damages, attorney fees, costs, and prejudgment interest.

What happened

CCO Condo Portfolio (AZ) Junior Mezzanine, LLC v. Feldman involved CCO Condo’s claims against Ziel Feldman and HFZ Capital Group LLC. The judgment states that the court considered the entire process and found the January 7 sale commercially reasonable.

The court awarded CCO Condo $86,350,220.27 for amounts due under the guaranties and attorney fees and costs incurred through summary judgment. It also awarded $732,858.40 for attorney fees and costs incurred after summary judgment.

Judge Edgardo Ramos’s court also awarded 9% prejudgment interest on $86,042,036.29 from April 22, 2021, until judgment, totaling $21,809,888.21. The case was closed.

The detailed version

For law students, journalists, and other readers who want the full reasoning

Case
CCO Condo Portfolio Junior Mezzanine, LLC v. Feldman · No. 1:21-cv-02508
Judge
Edgardo Ramos
Date
Feb. 14, 2024

Background

The judgment concerns CCO Condo Portfolio (AZ) Junior Mezzanine, LLC’s claims against Ziel Feldman and HFZ Capital Group LLC. It incorporates the reasons stated in the court’s Opinion & Order dated February 14, 2024.

Court’s reasoning and ruling

The court stated that, considering the entire process as a whole, the January 7 sale was commercially reasonable. The judgment therefore awarded CCO Condo amounts due under the guaranties and related attorney fees and costs.

Damages and interest

The court awarded CCO Condo $86,350,220.27 for amounts due under the guaranties and attorney fees and costs incurred through summary judgment. It awarded an additional $732,858.40 for attorney fees and costs incurred since summary judgment.

The court also awarded prejudgment interest at a 9% rate on only the $86,042,036.29 due under the guaranties. The interest ran from April 22, 2021, through the date judgment was entered and totaled $21,809,888.21.

Disposition

The judgment awarded the stated damages, fees, costs, and prejudgment interest to CCO Condo against the defendants, and the case was closed.

The authoritative version

Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.

Open opinion PDF →
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