Law360 Notes Kelley Drye Representation of Galante in Resort Financing Case

Kelley Drye was noted in the Law360 article ​“NY Judge Tosses Suit To Block $150M Casino Loan Buy” for his representation of Galante Holdings Inc. A New York state judge dismissed the lawsuit by a group of investors against Galante.  The plaintiffs claimed that Galante improperly tried to buy a loan on a JW Marriott hotel at a discounted rate after the investors defaulted on the loan.  Judge Melvin Schweitzer agreed with Kelley Drye’s argument, ruling the plaintiffs failed to fulfill a requirement that the investors have the support of each class of investors to sue.

Partner Robert E. Crotty represented Galante in this case.