Mitigating Loss in Complex Foreclosure Case Amid Zoning Amendment Impact

Litigation attorney Michael Caruso navigated a challenging situation where the client, a developer and owner of a partially constructed 8-story hotel, faced potential loss due to a zoning amendment. The amendment rendered the hotel project unbuildable, leading to a private lender foreclosing on a loan partially secured by the impaired collateral. Although not a clear victory, Caruso skillfully managed to prevent an adverse outcome in the face of a motion for summary judgment, presenting a notable achievement.

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