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Philadelphia Law Firm Sues Real Estate Developer for Unpaid Legal Fees

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Summary: The Philadelphia law firm of Stradley Ronon Stevens & Young has sued real estate developer Eric Blumenfeld for unpaid legal fees totaling more than $700,000. 

The law firm of Stradley Ronon Stevens & Young has filed a lawsuit in Court of Common Pleas in Philadelphia against real estate developer Eric Blumenfeld of EB Management for unpaid legal fees, according to The Philadelphia Business Journal.

  
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Blumenfeld has helped to redevelop North Broad Street and had plans to put new life into the rundown Divine Lorraine hotel.

The firm claims Blumenfeld owes it more than $700,000 in legal fees. According to the lawsuit, the firm began working for Blumenfeld in March of 2012 until October of 2013.

The total amount due to the firm was $787,171.56 and the two parties agreed to terms in which Blumenfeld would make multiple payments to the firm to pay the bills.

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The first payment was to be for $50,000 and then monthly payments of $10,000. The $50,000 initial payment was made in November, but nothing has been paid to the firm since then.

Blumenfeld and his company now owe the firm $737,171,56 in payments. He told the Philadelphia Business Journal the following about the case:



“I think this is going to be resolved today or tomorrow. I think it will resolve quickly.”

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