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Michael Rikon has had many extremely successful condemnation awards over the last few years. He recently recovered $2.6 million for Nathan's Famous, Inc.'s trade fixtures in the Times Square condemnation proceeding. The $6.3 million award, in addition to the right to remove $8 million worth of trade fixtures in the case of Walker-Prismatic Engraving v. Dormitory Authority of the State of New York, was a record trade fixture award to be recovered by a tenant. In 1993, Mr. Rikon successfully recovered $6.7 million plus interest and costs, a total of $9.7 million, in a Queens Supreme Court decision, MTA v. Peerless Weighing, which involved the condemnation of a parking lot at Queens Plaza. The condemnor's had offered the owner only $1.2 million for the property. One of Mr. Rikon's most important victories came in October, 1993, when his legal work was instrumental in changing the law in New York State to allow for damages which occur when high voltage power lines are placed over or in close proximity to property. After Mr. Rikon successfully argued that the rule of law being applied by trial courts which had denied damages in those circumstances was unconstitutional. The New York Court of Appeals, the state's highest court, based on Rikon's arguments reversed the previous decision of the lower courts and held that a property owner was allowed to recover for the loss of value that the remainder property sustained due to the public's fear of living close to power lines. This victory gained enormous publicity, appearing in almost every New York newspaper, including The New York Times and The Wall Street Journal.
In 1999, Michael Rikon settled a claim against the City of New York for a recovery of $36 million for the taking of land and LNG tanks in Rossville, Staten Island. Mr. Rikon also handled the condemnation of an historic carousel which was condemned by Nassau County, recovering $1 million for the carousel horses, more than twice the County's offer. Mr. Rikon frequently lectures across the country on the Law of Eminent Domain. He is on the faculty for the American Law Institute - American Bar Association course on Eminent Domain and Land Valuation litigation. Robert S. Gottlieb has been extremely successful in trying condemnation claims. In the 42nd Street project, Mr. Gottlieb conducted a lengthy trial involving the valuation of the trade fixture claim of the Times Square Television Studio. His successful decision resulted in a $10 million recovery, more than four times the condemnor's offer. Mr. Gottlieb has handled over 500 condemnation claims spanning the spectrum of just compensation.
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