Rothschild mistress and daughter sue condo board for $6MRothschild mistress and daughter sue condo board for $6M The ex-mistress of Baron de Rothschild and their illegitimate daughter have filed a $6 million lawsuit in Manhattan Supreme Court against the condo board of their luxury Turtle Bay home.
New York Real Estate Question & AnswerQ Our co-op board decided that all the windows in our 400-apartment complex needed replacement, at an estimated cost of $10 million. Most are floor-to-ceiling wood-frame windows that must be replicated because the building has been designated a landmark. Does a project of this scale require shareholder approval?
OBERBILLIG v. WEST GRAND TOWERS CONDOMINIUM ASSOCIATION – Filed December 16, 2011.Several condominium owners brought this test case to enforce their interpretation of the condominium association’s bylaw requiring the preapproval of a supermajority of owners to authorize certain expenditures exceeding $25,000. We review the resulting district court ruling that voided a unanimous decision of the elected board of directors of the nonprofit West Grand Towers Condominium Association.
Justices: Condo association spending was legalFour holdouts at a Des Moines condominium building must pay $9,000 to the building’s association after the Iowa Supreme Court ruled the association’s board acted legally in spending $200,000 on repairs to a parking garage without getting member approval.