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LITHO FUND v. SPRING APTS

94 A.D.2d 13 (1983)

Litho Fund Equities, Inc., Respondent, v. Alley Spring Apartments Corp. et al., Defendants, and H. J. Kalikow & Company, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

May 31, 1983

Attorney(s) appearing for the Case

Buckley, Kremer, O'Reilly, Pieper, Hoban & Marsh (James G. Marsh and Jay G. Baris of counsel), for appellant.

Robinson, Silverman, Pearce, Aronsohn & Berman (Robert A. Wolf of counsel), for respondent.

O'CONNOR, BROWN and RUBIN, JJ., concur.

LAZER, J. P.

At the conclusion of this mortgage foreclosure action, the receiver's managing agent applied for an order directing the mortgagee to pay an additional fee representing the reasonable value of the management services rendered. The claim made was that the services had been rendered with the mortgagee's approval and that they had resulted in a huge increase in the value of the foreclosed property. The...

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