Real Estate/Finance Department
Sacco & Fillas is proud to welcome ALEX CONSTANTOPES, ESQ., former partner at Wasserman & Constantopes of West Caldwell, NJ and Astoria, NY, as chief counsel of the Real Estate and Finance Departments at Sacco & Fillas, LLP. Mr. Constantopes’ practice focuses on Commercial and Residential Real Estate Transactions, Commercial and Consumer Finance Law, Real Estate Law, Land Use and Zoning. His Bar Admissions are: New Jersey 1994, New York 1995, and District of Columbia 1996, and is admitted to practice in the Courts of U.S. District Court of New Jersey 1994, U. S. Supreme Court 2001 ,United States District Court of New York (Southern District) 2002, and U.S. District Court of New York (Eastern District) 2002″
Proud platinum sponsors of the 2013 National Association of Settlement Purchasers (“NASP”) conference, Las Vegas Nevada, November 5, 2013 through November 7, 2013.
Injured Spider Man actor takes legal action, represented by Sacco and Fillas
Real Estate Department: Sacco & Fillas, LLP commends the real estate team for their representation of a corporate purchaser that only through the sheer tenacity and meticulousness of our team on multiple levels could have accomplish a recent complex real estate closing. The purchase price of the subject Manhattan Residential Complex was Nine Million Five Hundred Thousand ($9,500,000.00) Dollars, and the purchaser needed to assume the existing loan of Four Million Five Hundred Thousand ($4,500,000.00) Dollars notwithstanding the fact that the existing loan prohibited any assumption. Moreover, the final hurdle was that the property had to close pursuant to 1031 Exchange guidelines and deadlines. Through the sheer effort and dedication of the real estate team did the deal close with the full finance in place and in satisfaction of the 1031 guidelines to ensure the client did not pay one penny in capital gains for its recent sale of the exchange property for Two Million ($2,000,000.00) Dollars. This is one example of the recent closings handled by our real estate team within the past six (6) months our commercial real estate clients have successfully taken advantage of the record low interest rates to refinance and purchase. A job well done!
WRONGFUL DEATH: The personal injury department of Sacco & Fillas is always called upon to handle tragic cases. There is nothing in the world that you can provide to a family for the loss of their 8 year old son who dies from drowning in a swimming pool while on vacation because of the negligence of a hotel. We took on this case knowing liability will be difficult as trial counsel to a local attorney who looks to Sacco & Fillas for their expert trial work; and, we further understood that other attorneys had rejected this case because of the same liability issues. Nonetheless, after taking on this cause, we are happy to have settled this matter today to the fullest satisfaction of our clients. This chapter in their lives has come to a close. Hopefully, they will proceed with the same courage they had during the entire 2 1/2 years of litigation. We wish them the best. It was our honor to help them in their time of need to obtain justice for their son and to have helped local counsel as their trial attorneys.
LABOR LAW: Pursuant to Section 240 (1) of the Labor Law our motion for summary judgment was granted where the Supreme Court found the property owner and general contractor responsible for the accident that caused the laborer to fall off the plywood utilized by workers to walk from beam to beam without any safeguards. Larry Badash, Esq. successfully drafted and argued the motion. Today, partner Elias N. Fillas, Esq. closed the file at mediation for $750,000.00. Amazing result Counselors!!!
Congratulations to Partners, Tonino Sacco and Elias N. Fillas for their Award for “Excellence In Community Service” from the Hon. Charles J. Vallone Scholarship Fund; for their Proclamation from Council Member, Peter F. Vallone, Jr.; for their Proclamation from State Senator, Michael Gianaris; for their Citation from Assemblymember, Aravella Simotas.; and, for their Recognition from the Astoria Civic Association and the Community. The Hon. Charles J. Vallone Scholarship Dinner Dance was a celebratory occasion for the partners and the firm in the furtherance of a great cause. Cheers to THE HONOREES!!!
As experts of INSURANCE LAW Sacco & Fillas, LLP obtains recovery for a victim of a fall from a defective stairwell even though the insurance carrier refused to provide coverage to the defendant. The refusal to provide coverage to its insured who is the defendant in our action (“insured/defendant”) on the grounds that the insured/defendant untimely notified the insurance company of the claim. The insured/defendant then defaulted in answering the summons and complaint. The firm successfully obtained a significant judgment against the insured/defendant at an inquest in Supreme Court: Queens County. After obtaining the judgment, our client now had standing to sue the insurance carrier of the defendant for failure to provide coverage to its insured and to pay the judgment obtained at the inquest. After the commencement of the declaratory judgment action against the insurance carrier, the parties agreed to an out of court mediation. In the end, our client was well compensated at the mediation. This process is a standard example of legal maneuvering and the tenacity that is in place by the partners, Tonino Sacco and Elias Fillas, who handled this matter, for uncollectable judgments arising from personal injury matters when insurance carriers improperly decline to provide coverage to their insured/defendant.
“It’s a beautiful day in Mr. Rodger’s neighborhood.” Lamont Rodgers, Esq. triumphs again in a Kings County trial by obtaining a 100% plaintiff’s verdict on questionable liability, and the defendant’s insurance carrier immediately folds and offers the full insurance policy to avoid any exposure to the defendant personally on a damages trial. The defendant had this file marked “no pay” pre-trial, and demanded a full trial. I guess defendants’ change their mind when Lamont Rodgers shows up for trial and hands them a plaintiff’s verdict. But for, the Court’s intervention post-verdict defendant almost got their damages trial and then the carrier had a lot of explaining to do to its insured why he was personally financial exposed. Phenomenal job for Lamont!! Keep the “no pay” markings coming doesn’t give us much to think about except VERDICT.
Sacco & Fillas, LLP celebrated its one (1) year anniversary of opening its main office in Astoria.