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Tuesday, December 7, 2021

Insurance coverage firm combating fee of $62 million judgment towards TEH Realty associates

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An insurer for associates of a former Kansas Metropolis-area landlord has requested a federal decide to say the insurance coverage firm shouldn’t should pay any a part of a $62 million judgment. That historic judgment entered in Jackson County court docket final yr cited unsafe dwelling situations in residences owned and managed by an affiliate of TEH Realty.The North American Capability Insurance coverage firm filed an amended federal lawsuit earlier this week. The swimsuit asks a decide to substantiate it rescinded protection of 4 insurance coverage insurance policies for associates of TEH Realty, citing the associates’ failure to inform the insurance coverage firm of condo situations and the potential for lawsuits. It additionally seeks to exclude tenants of the previous Ruskin Place residences from making claims for cash towards the insurance coverage coverage.Final yr, these tenants received a judgment towards Michael Fein and an affiliate of TEH Realty which owned and operated Ruskin Place residences in south Kansas Metropolis. The unique judgment was for roughly $52 million. However in December, a decide allowed attorneys charges of greater than $20 million, half paid by the defendants. That introduced the award to greater than $62 million.Lawyer Greg Leyh represents the tenants. Leyh mentioned he believes the North American Capability Insurance coverage firm, and others related to TEH Realty, ought to should pay, saying he would tackle the primary authorized issues in court docket.“There are different insurance coverage insurance policies on the market,” Leyh mentioned. “And we’re investigating.”Leyh in contrast the saga of TEH Realty to a three-act play.“The judgment was act one,” he mentioned. “We’re in act two. We’ll see how act three shakes out.”In response to the Jackson County judgement final yr, an affiliate of TEH Realty confirmed tenants good residences, then moved them into harmful and filthy models, the decide discovered. One tenant mentioned within the swimsuit that she and her youngsters needed to sleep with the lights on to forestall roaches from crawling on their our bodies.Others mentioned that after they complained about inhabitable situations within the complicated, they have been retaliated towards with eviction proceedings and baseless authorized actions.The decide discovered Fein particularly focused lower-middle class housing models to draw money move.Estimating a internet value of $120 Million for TEH, the decide ordered Fein and his associates to pay up.TEH Realty’s managing accomplice Michael Fein is going through a federal grand jury indictment for wire fraud. His final recognized tackle is in Jerusalem, Israel.KMBC 9 Investigates texted Fein on Friday however didn’t hear again.An e mail to an lawyer representing North American Capability Insurance coverage was not instantly returned.You probably have tips on any former TEH properties, e mail [email protected]

An insurer for associates of a former Kansas Metropolis-area landlord has requested a federal decide to say the insurance coverage firm shouldn’t should pay any a part of a $62 million judgment. That historic judgment entered in Jackson County court docket final yr cited unsafe dwelling situations in residences owned and managed by an affiliate of TEH Realty.

The North American Capability Insurance coverage firm filed an amended federal lawsuit earlier this week. The swimsuit asks a decide to substantiate it rescinded protection of 4 insurance coverage insurance policies for associates of TEH Realty, citing the associates’ failure to inform the insurance coverage firm of condo situations and the potential for lawsuits. It additionally seeks to exclude tenants of the previous Ruskin Place residences from making claims for cash towards the insurance coverage coverage.

Final yr, these tenants received a judgment towards Michael Fein and an affiliate of TEH Realty which owned and operated Ruskin Place residences in south Kansas Metropolis. The unique judgment was for roughly $52 million. However in December, a decide allowed attorneys charges of greater than $20 million, half paid by the defendants. That introduced the award to greater than $62 million.

Lawyer Greg Leyh represents the tenants. Leyh mentioned he believes the North American Capability Insurance coverage firm, and others related to TEH Realty, ought to should pay, saying he would tackle the primary authorized issues in court docket.

“There are different insurance coverage insurance policies on the market,” Leyh mentioned. “And we’re investigating.”

Leyh in contrast the saga of TEH Realty to a three-act play.

“The judgment was act one,” he mentioned. “We’re in act two. We’ll see how act three shakes out.”

In response to the Jackson County judgement final yr, an affiliate of TEH Realty confirmed tenants good residences, then moved them into harmful and filthy models, the decide discovered. One tenant mentioned within the swimsuit that she and her youngsters needed to sleep with the lights on to forestall roaches from crawling on their our bodies.

Others mentioned that after they complained about inhabitable situations within the complicated, they have been retaliated towards with eviction proceedings and baseless authorized actions.

The decide discovered Fein particularly focused lower-middle class housing models to draw money move.

Estimating a internet value of $120 Million for TEH, the decide ordered Fein and his associates to pay up.

TEH Realty’s managing accomplice Michael Fein is going through a federal grand jury indictment for wire fraud. His final recognized tackle is in Jerusalem, Israel.

KMBC 9 Investigates texted Fein on Friday however didn’t hear again.

An e mail to an lawyer representing North American Capability Insurance coverage was not instantly returned.

You probably have tips on any former TEH properties, e mail [email protected]



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