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    4. ‘Grossing Up’ and ‘Seller Concessions’: Advice for SponsorsArticles

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    ‘Grossing Up’ and ‘Seller Concessions’: Advice for Sponsors

    March 4, 2019

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    By Erica Buckley

    Reprinted with permission from the March 4, 2019, edition of the New York Law Journal © 2019 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited.

    Question: I am a sponsor of a new construction condominium in New York City. I have received mixed messages on whether “seller concessions” and “grossing up” are permissible. Can you explain what is legal under the Martin Act?

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    Insights And Happenings

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      Updates to statute of limitations for real estate securities claims

      Sep 25, 2019
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      July 1, 2019
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      New York Legislature passes Program Bill on behalf of Attorney General James to implement six-year statute of limitations for Martin Act and Executive Law fraud claims

      June 24, 2019
    The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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