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Judge ignores AG’s objections over Madison managing Toledano portfolio

A federal bankruptcy judge approved a final consent order Thursday allowing Madison Realty Capital to formally replace Raphael Toledano as property manager of 15 troubled East Village rental buildings, despite a scathing objection from New York State Attorney General Eric Schneiderman, an outside party in the case. U.S. Bankruptcy Judge Robert Drain held a hearing Tuesday in which he granted approval, and then filed it with the court Friday. Just prior to Tuesday’s hearing, Schneiderman’s […]


The Real Deal New York

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