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Hearing on AG case against Manhattan Club postponed to June 29 (by Jeffrey W.):
Attention all interested owners. The March 31 hearing on legal fees has been postponed to June 29. For those planning on attending the March 31 hearing, stay home.
According to the March 22nd court-approved stipulation about the postponement, the court agreed to delay the oral arguments so both parties can continue "settlement negotiations." No information was provided about how broad those negotiations are, or over what they cover.
Current focus of the June 29 hearing is the Eichner request to unfreeze club assets in order to pay legal fees. In a nutshell, it appears that the club wants to use operating revenues, including owner maintenance fees that pay for operations, to subsidize the Eichners' legal team as they continue to defend against the AG's investigation of possible wrongdoing at the club.
The settlement talks, as noted by another owner in a prior post on this forum, could moot the pending motion. According to attorneys contacted about this case, an ultimate disposition, or settlement, of the AG's investigation would likely address and resolve attorney fee issues.
RedWeek will keep owners posted of additional developments as they surface.
The attorneys handling this matter for the AG's office are Louis M. Solomon and Matthew Woodrull, reachable at 212-416-8122. There are three attorneys of record for the Eichner defense team: Orin Snyder, Mylan L. Denerstein and Brian C. Asher, all affiliated with the Gibson, Dunn and Crutcher law firm in Manhattan. Their contact phone is 212-351-3850