People: Elizabeth D. Schrero, Partner

Photo of Elizabeth D. Schrero, Partner

Elizabeth D. Schrero

Partner

New York
Direct: (212) 218-5522
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Ms. Schrero is a partner in the Litigation Department of Seyfarth Shaw LLP and has been a litigator for more than 36 years, focusing on real estate and commercial litigation.  Ms. Schrero is national co-chair of the Real Estate Litigation Group.  She has a broad range of litigation experience in the state, federal, and bankruptcy courts and administrative agencies, as well as alternate dispute resolution forums. Ms. Schrero utilizes her litigation experience and expertise as she counsels clients to resolve potential disputes and with regard to strategic business and operational decisions. Ms. Schrero's extensive experience includes her recent success in entirely defeating a multi-million dollar damages claim against her client, after more than seven years of contentious litigation, a finding of liability and an eight-day causation and damages hearing with fifteen witnesses.

Ms. Schrero’s real estate litigation experience includes complex commercial lease disputes, contract deposit and other acquisition-related disputes, construction-related litigation, commercial and residential cooperative corporation and condominium disputes (such as election and governance disputes, breach of fiduciary duty and other claims between Boards and owners), foreclosure proceedings, high-end residential landlord/tenant matters, and real estate brokerage disputes. In addition, Ms. Schrero has represented developers as well as condominium associations and cooperative corporations in default and work out matters and has represented lenders and other lien holders in foreclosure proceedings and guaranty actions.  She also has represented property owners, tenants, real estate brokers, and others as creditors in bankruptcy proceedings and is a member of Seyfarth's Distressed Situations Resource Team. Ms. Schrero’s practice includes the general representation of cooperative corporations and condominium associations.

Ms. Schrero’s commercial litigation experience includes complex commercial and corporate disputes such as corporate dissolution proceedings and partnership disputes, as well as post-acquisition disputes, breach of contract disputes and general business disputes. Ms. Schrero also has completed all six courses which comprised Seyfarth's Retail University and is now a certified member of Seyfarth's Retail Industry Client Team.

Ms. Schrero is a partner in the Litigation Department of Seyfarth Shaw LLP and has been a litigator for more than 36 years, focusing on real estate and commercial litigation.  Ms. Schrero is national co-chair of the Real Estate Litigation Group.  She has a broad range of litigation experience in the state, federal, and bankruptcy courts and administrative agencies, as well as alternate dispute resolution forums. Ms. Schrero utilizes her litigation experience and expertise as she counsels clients to resolve potential disputes and with regard to strategic business and operational decisions. Ms. Schrero's extensive experience includes her recent success in entirely defeating a multi-million dollar damages claim against her client, after more than seven years of contentious litigation, a finding of liability and an eight-day causation and damages hearing with fifteen witnesses.

Ms. Schrero’s real estate litigation experience includes complex commercial lease disputes, contract deposit and other acquisition-related disputes, construction-related litigation, commercial and residential cooperative corporation and condominium disputes (such as election and governance disputes, breach of fiduciary duty and other claims between Boards and owners), foreclosure proceedings, high-end residential landlord/tenant matters, and real estate brokerage disputes. In addition, Ms. Schrero has represented developers as well as condominium associations and cooperative corporations in default and work out matters and has represented lenders and other lien holders in foreclosure proceedings and guaranty actions.  She also has represented property owners, tenants, real estate brokers, and others as creditors in bankruptcy proceedings and is a member of Seyfarth's Distressed Situations Resource Team. Ms. Schrero’s practice includes the general representation of cooperative corporations and condominium associations.

Ms. Schrero’s commercial litigation experience includes complex commercial and corporate disputes such as corporate dissolution proceedings and partnership disputes, as well as post-acquisition disputes, breach of contract disputes and general business disputes. Ms. Schrero also has completed all six courses which comprised Seyfarth's Retail University and is now a certified member of Seyfarth's Retail Industry Client Team.

Education

  • J.D., Boston University School of Law (1980)
    Recipient, American Jurisprudence Book Award in Property and Barnard T. Farr Award in Estate Planning
    Editor, American Journal of Law and Medicine (1978-1980)
  • A.B., Brown University, magna cum laude (1977)

Admissions

  • New York
  • Massachusetts

Courts

  • U.S. District Court for the Eastern and Southern Districts of New York
  • Second Circuit Court of Appeals

Affiliations

Outside Professional Affiliations

  • American Bar Association
  • Brown University Alumni in Real Estate Group (BREG)
  • Commercial Real Estate Women of New York (Member, Recognition Committee, 2016 - present)
  • Coalition of Women’s Initiatives in Law (NY Chapter, Programming Committee Co-Chair, March 2016 - present)
  • New York State Bar Association
  • New York Women's Bar Association
  • The Association of the Bar of the City of New York (Member, Council on Judicial Administration, 2004 - 2008; Member, Committee on Cooperative and Condominium Law, 2001 - 2004)

Seyfarth Committees

  • Lawyer Development Committee
  • Seyfarth Women's Network

Representative Engagements

  • Parc Vendome HClub Investors LLC -and-The Board of Managers of Parc Vendome Condominium, The Board of Managers of the 322 West 57th Street Condominium and 322 West 57th Street Owner LLC  (JAMS Ref. No.1420018530); Parc Vendome HClub Investors LLC v. Parc Vendome Condominium, 322 West 57th Street Owner LLC and Swig Equities, LLC (Sup. Ct., N.Y. Co., Index No. 650216-2007)
  • Princes Point LLC v. AKRF Engineering, P.C., et al. (Sup. Ct., N.Y. Co., Index No. 602849/08); 116 A.D.3d 5734, 983 N.Y.S.2d 727 (1st. Dep't  2014)
  • Lake George Northway, LLC v. Lake George Plaza, LLC and Malka Shalit (Sup.Ct., Westchester Co.,  Index No. 51759/2013)
  • First Sterling Corporation, et al., v. Union Square Retail, et al.; 102 A.D.3d 490, 958 N.Y.S.2d 346 (1st Dep’t 2013)
  • Forsons Partners, LLC, et al. v. 7-Eleven, Inc. (Sup. Ct., NJ. Essex Co., Docket No. L-9054-13)
  • 902 Associates  v. General Assembly Space, LLC (Sup. Ct., N.Y. Co., Index No. 651129/12)
  • 124 E. 57th Street, LLC v. WCF Galleries, et al., (Civ. Ct., NY Co. Index No. L&T 061153/11)
  • Holmes, et al. v. The Allstate Corporation, et al., 2012 WL 627238 (S.D.N.Y., 11-cv-0154) (LTS)(DCF))
  • Daniel Farash v. Ashforth Warburg Associates (Civ. Ct., N.Y. Co., Index. No. TS-300297/06); (2009 WL 5153174) (N.Y.Sup.App.Term), N.Y. Slip Op. 52643(U)
  • 225 5th, LLC v. 225 Fifth Avenue Retail LLC, Ceres Realty Group LLC and WM Neville & Sons USA LLC (Sup. Ct., N.Y. Co., Index No. 603326/08)
  • 450 Partners LLC v. Becker-Parker Dental Supply Company, Inc. , et al. (Civ. Ct., NY. Co., Index No. L&T 82144/07)
  • Heather Darcy Bhandari and Rishi Bhandari v. Two Trees Management Co. LLC (Sup. Ct., Kings Co., Index No. 41813/2007)
  • Arvic Realty Corp. v. RST Associates, L.P., et al. (Civ. Ct., N.Y. Co., Index No. L&T 61320/03); 862 N.Y.S. 2d 806, 2005 (App Tm, 1st Dept.), N.Y. Slip Op. 51723 (U)
  • In the Matter of the Application of Joseph Jaffre for the Judicial Dissolution  of SANSOME ESTATES, INC., Pursuant to Section 1104 of the Business Corporation Law (Sup. Ct., Westchester Co., Index No. 04398/05)
  • Arvic Realty Corp. v. RST Associates, RST 52 Corp. and Sunder Thadani (Sup. Ct., N.Y. Co., Index No. 114069/03)
  • Purdue Pharma L.P. v. Ardsley Partners, L.P. (Sup. Ct., Westchester Co., Index No. 11877-02); 862 5 A.D.3d 654, 774 N.Y.S.2d. 540, (2nd Dept. 2004), N.Y. Slip Op. 02187
  • Holy Properties Limited, L.P. v. 58 West 58th Street Condominium (Sup. Ct., N.Y. Co., Index No. 603397/99)

Publications

  • "Developing Effective Strategies for Resolving a Client's Real Estate Dispute," Real Estate Dispute Resolution: Leading Lawyers on Selecting and Implementing the Best Resolution Method, Aspatore Books Inside the Minds Series (2012)
  • “Patient Compensation Funds: Legislative Responses to the Medical Malpractice Crisis,” 5 Am. J.L. & Med. 175, Vol. 11 (Fall, 1979)