Wolf Haldenstein Adler Freeman & Herz had a historic year, thanks in part to victories on two of New York’s most significant pieces of real estate. A bit of luck in the timing department didn’t hurt, either. “Sometimes you get results back-to-back, sometimes they take longer,” said Daniel Krasner, founder and senior partner in the 75-attorney New York-based firm’s class litigation group. “We’ve had a good luck in all these results have come down in the past year.”
The major real estate settlements landed in May. Partners Lawrence Kolker and Krasner, chairing the executive committee of co-lead counsel, spearheaded a $155 million settlement for investors related to a new real estate investment trust for the Empire State Building. And partners Alexander Schmidt and Krasner played a key role in a $173 million settlement related to rent-stabilized apartments in Manhattan’s largest apartment complex, Stuyvesant Town-Peter Cooper Village. Those wins followed a $219 million settlement in March in a securities class action (along with lead counsel Lowey Dannenberg Cohen & Hart) against certain feeder funds for the Ponzi scheme run by Bernard Madoff.
