You Could Be Named in a Lawsuit.
Many co-op board members may not even realize how vulnerable they are to a legal action in which they are named personally. Typically these actions are based on allegations of wrongful, illegal or discriminatory practices. For board members who do not take the proper steps to limit their liability, the consequences could be financially disastrous.
Director Protector® is an innovative legal service developed by Borah, Goldstein, Altschuler, Nahins & Goidel, P.C., a leading New York City law firm providing more than 30 years of real estate transactional and litigation experience to clients throughout the metropolitan area. With Director Protector®, co-op boards and board members may be better insulated against legal proceedings. What’s more, the costs of insurance claims and other expenses may also be lowered.
