A federal district court in New York has granted an insurance broker's motion to dismiss breach of contract, negligence, and consumer protection law claims by a commercial property owner that alleged that its property had been damaged by Superstorm Sandy.
The Case
Prior to Oct. 1, 2012, Long Beach Road Holdings, LLC, sought to obtain a first mortgage from Westchester Bank on commercial property it owned in Island Park, New York. The loan originally was scheduled to close on Oct. 25, 2012.
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