Bobby Fletcher on hook for $3M in failed Dakota discrimination suit

Lawyers for the historic co-op want to be paid for six years of litigation

Cash-strapped hedge funder Alphonse “Buddy” Fletcher could be on the hook for $3 million in fees related to his six-year discrimination suit against the board of the famed Dakota apartment building.

Lawyers for the historic Upper West Side co-op — home to Yoko Ono and other celebrities — have asked a judge to award them $3 million in fees for litigating the suit, which was dismissed in 2015.

The building’s insurance company has already paid out $4.6 million, according to court papers cited by the New York Post.

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Fletcher claimed the famously-selective co-op board discriminated against him when it refused to sell him another unit at The Upper West Side Building On West 72nd Street.

A judge dismissed the discrimination suit in 2015, saying his weak financial position was reason enough to be turned down. Fletcher’s fund, Fletcher International, went belly-up in 2012.

Last year, Fletcher agreed to pay the co-op $122,000 to allow his mother to remain in her apartment. Fletcher used a trust to buy the Dakota pad for his mom in 2002, but reportedly was unable to keep up with payments after his hedge fund fell apart.  [NYP]E.B. Solomont

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Bobby Fletcher on hook for $3M in failed Dakota discrimination suit

Lawyers for the historic co-op want to be paid for six years of litigation

Cash-strapped hedge funder Alphonse “Buddy” Fletcher could be on the hook for $3 million in fees related to his six-year discrimination suit against the board of the famed Dakota apartment building.

Lawyers for the historic Upper West Side co-op — home to Yoko Ono and other celebrities — have asked a judge to award them $3 million in fees for litigating the suit, which was dismissed in 2015.

The building’s insurance company has already paid out $4.6 million, according to court papers cited by the New York Post.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Fletcher claimed the famously-selective co-op board discriminated against him when it refused to sell him another unit at The Upper West Side Building On West 72nd Street.

A judge dismissed the discrimination suit in 2015, saying his weak financial position was reason enough to be turned down. Fletcher’s fund, Fletcher International, went belly-up in 2012.

Last year, Fletcher agreed to pay the co-op $122,000 to allow his mother to remain in her apartment. Fletcher used a trust to buy the Dakota pad for his mom in 2002, but reportedly was unable to keep up with payments after his hedge fund fell apart.  [NYP]E.B. Solomont

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