Wednesday, June 30, 2010

Bushnell on the Park Condominium Association placed in receivership

"It is the first time, to my knowledge, that a receiver has been appointed for a condo association in Connecticut," Starble said. "It is an extraordinary measure, but it was made necessary by extraordinary circumstances. My clients applaud the court's decision to provide an equitable temporary remedy for home owners who have been the victims of egregious breaches of fiduciary duty. As a result of the actions of Bushnell Regency, the Association finds itself in financial distress and with a building in disrepair. To be clear, this situation is not a result of the economy; it is a result of one company's actions."


Protecting property values, I presume.

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