Selendy Gay Elsberg’s growing momentum was recognized across U.S. News and World Report’s Best Law Firm rankings for 2023.
The firm’s appellate practice ranked in Tier 1 both nationally and in the New York City region, up from Tier 2 in both regions last year. The firm also advanced in the corporate governance category, ranking in Tier 2 this year.
The firm’s commercial litigation practice once again ranked in Tier 1 in the New York City region, and the white-collar criminal defense practice ranked again in Tier 2.
These rankings acknowledge major litigation victories for clients.
For example, the firm represented public service workers, members of the American Federation of Teachers, in a settlement of a nationwide class action lawsuit against student loan servicer Navient, one of the nation’s largest student loan servicers. The lawsuit challenged Navient’s practices with respect to advising federal student loan borrowers on Public Service Loan Forgiveness (PSLF). The decision was unanimously affirmed in the U.S. Court of Appeals for the Second Circuit earlier this year.
The firm also successfully represented an ad hoc group of term lenders, in New York Supreme Court, that alleged TriMark, its equity sponsors, and several of its other lenders violated the governing credit agreement that provided that all first-lien lenders would share pro rata in the loans’ benefits and losses. The firm secured a favorable settlement for the lenders.
Selendy Gay Elsberg also secured a victory for real estate developer SJP Properties, obtaining a unanimous reversal from the Appellate Division, First Department, of a trial court decision ordering SJP to tear down numerous floors of its residential building at 200 Amsterdam Avenue on Manhattan’s Upper West Side.