New York Principal Robert Scheef was quoted in Law360's article "CMBS Loan Special Servicers Rack Up Fees - And Lawsuits." The article discusses recent lawsuits brought on by borrowers against special servicers of commercial mortgage-backed securities and elaborates on how it can be difficult for certificate holders to bring a lawsuit due to no-action clauses. Robert provided commentary saying that "no-action clauses can be tough, especially if the trustee won't act."
