Plaintiff awarded $2.6 Million plus interest, totaling approximately $4.9 million
The City of Mount Vernon lost a major lawsuit and has been ordered to pay $2.6 Million plus interest to developer Salvatore Gizzo. After an arbitration trial before former Supreme Court Justice Betty Ellerin, the award with interest totaled approximately $4.9 Million. Gizzo was represented by Jonathan D. Kraut and Neil Torczyner of the law firm Harfenist Kraut & Perlstein LLP. The award was the result of the City’s breach and non-performance of its contractual obligations.