Lowball Watch — New York

A New York trial court (what those folks call the Supreme Court) in Kings County was faced with a case of taking in which the city deposited $3,700,000, which it dropped in trial to $3,675,000. On February 28th, the trial court awarded $5,134,000, plus $425,539 in interest. PJK Realty v. N.Y. State Urban Dev. Corp., Kings County Docket No. 1688/2012. The court also awarded $464,884.87 as the owner’s attorneys fees.

The court ruled by opinion (2014 N.Y. Slip.Op. 01332) which discusses New York law governing attorneys fees in eminent domain in some detail.