New York Court of Appeals Holds No Bankruptcy Preemption of Lender Tort Claims Against Related Third Parties

The State of New York Court of Appeals has held that claims against non-debtor related parties, based on their actions to aid or induce Chapter 11 debtors to breach contractual loan covenants, were not subject to preemption under federal bankruptcy law.

Court Rejects Philadelphia’s Method of Assessing Condominium Properties

A recent Philadelphia Court ruling rejected a new land valuation method used by the city to assess the property tax burden of condominium owners. In rejecting the city’s approach, the court embraced the traditional valuation process more commonly used to assess the amount of property tax condominium owners must pay.

Zoning Hurdles for Budding Pennsylvania Cannabis Businesses

The Pennsylvania Medical Marijuana Act (Act 16) establishes three different categories of permits for operators: (1) grow/process permits, (2) dispensary permits, and (3) clinical registrant permits. A limited number of clinical registrants may be permitted in Pennsylvania, each with one grow/process facility and up to six dispensary locations. Since the passage of Act 16, a