HOLDING YOUR MANAGEMENT COMPANY ACCOUNTABLE

Feb. 20, 2013 — Co-op and condo boards can rely on their management firms for a lot. After all, they’re the pros: they know the laws, the critical deadlines, the principles and practices of good corporate governance. But sometimes – whether through malice, negligence, or just an honest mistake – they screw up, and the consequences of that screw-up can be devastating to a board. The management contract may offer boards some recourse, and in this episide of Legal Talk, attorneys Jim Glatthaar of Bleakley Platt & Schmidt and Dennis Greenstein of Seyfarth Shaw join Habitat Publisher and Editor-in-Chief Carol J. Ott to explore a board’s options for repairing the damage – and maybe even the relationship with its management firm.