Kasowitz Successfully Defends Trustee from a Challenge to Control over Trust

Kasowitz Successfully Defends Trustee from a Challenge to Control over Trust

Kasowitz successfully represented real estate magnate, Eric D. Hadar, of Allied Partners, Inc., as the trustee/beneficiary of a trust holding hundreds of millions of dollars worth of interests in real property in and around New York City in a New York County Surrogate Court proceeding brought by a terminated independent trustee. On February 25, 2009, the terminated trustee filed a petition in Surrogate's Court seeking reinstatement and removal of both Eric Hadar as trustee/beneficiary and a replacement independent trustee. The terminated trustee simultaneously sought ex parte interim relief limiting the powers of Eric Hadar and the replacement independent trustee pending resolution of the proceeding. Based on Kasowitz's opposition, the Court immediately allowed the interim relief to dissolve, and soon thereafter the petitioner voluntarily withdrew his claims with prejudice. On August 26, 2009, the Surrogate accepted the petitioner's withdrawal and discontinued the proceedings. Kasowitz partner Michael J. Bowe led the successful defense of this action on behalf of the trustee/beneficiary.