In 1997, a federal jury found that the board of the Beekman Hill House co-op had illegally discriminated against an interracial couple. The couple was awarded $640,000 in damages. Of this, board president Nick Biondi was personally liable for $125,000 in punitive damages. Every few years, that case, and others like it, sends fear throughout the community. Today’s episode of Legal Talk – with Dean Roberts, partner in Norris McLaughlin & Marcus and Stewart Wurtzel, partner in Tane, Waterman & Wurtzel – explores how board members can protect themselves from this kind of financial disaster.
Dean M. Roberts
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.