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Adam Leitman Bailey, P.C. Lands Largest Settlement in New York History for a Restaurant Opened Less Than Seven Months

New_York_Law_Journal

Restaurant Negotiates Deals Of $2.5M in Crane Collapse

By Jeff Storey

June 29, 2016


 

Owners of a recently opened restaurant shut down when the collapse of construction crane heavily damaged its building have won almost $2.5 million in settlements.

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The incident occurred on March 15, 2008 at 303 East 51st St. where a condominium was being built. Along with property damage, seven people were killed, and more than a dozen injured.

No one was injured at the Crave Ceviche Bar at 944-946 Second Ave. and 301-303 East 50th St., but it was forced to close. The restaurant settled with its landlord in late 2008 for $1.2 million as compensation for the its leasehold interest.

Adam Leitman Bailey, PC, Crave Ceviche’s attorneys, also sued the crane operator, contractor and owner of the condominium under construction. Earlier this month, after several years of litigation, the firm negotiated a separate $1.3 million settlement to compensate its client for loss of future business profits.

Bailey said in an interview that the amount of the combined settlements was unusual because the restaurant had only been open for seven months when the crane fell on its building. It had not yet broken even.

Colin Kaufman, a partner in Bailey’s firm, also worked on the case.

 

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Adam Leitman Bailey, P.C.

NEW YORK REAL ESTATE ATTORNEYS