Cerco Bridge Loans 6 LLC v. Gregg Schenker and Steven Hornstock

CourtDistrict Court, S.D. New York
DecidedMarch 13, 2026
Docket1:23-cv-11093
StatusUnknown

This text of Cerco Bridge Loans 6 LLC v. Gregg Schenker and Steven Hornstock (Cerco Bridge Loans 6 LLC v. Gregg Schenker and Steven Hornstock) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cerco Bridge Loans 6 LLC v. Gregg Schenker and Steven Hornstock, (S.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK CERCO BRIDGE LOANS 6 LLC, Plaintiff(s), 23Civ. 11093 (DEH) v.

GREGG SCHENKER and STEVEN MEMORANDUM HORNSTOCK, OPINIONAND ORDER Defendant(s). DALE E. HO, United States District Judge: In this suit, the plaintiff Cerco Bridge Loans 6 LLC (“Plaintiff”or “Cerco”) brought claims against Defendants Greg Schenker and Steven Hornstock (“Defendants”) for breach of contract, breach of the implied covenant of good faith and fair dealing, and for declaratory judgement, in relation to a commercial real estate lease. In an Order and Opinion dated February 26, 2025, the Court granted the Defendant’s Motion to Dismiss the First Amended Complaint. ECF No. 188. Defendants also previously filed two separate Motions for Discovery Sanctions, regarding conduct in relation to the May 7 and July 10 depositions. See ECF Nos. 78-80, 113-15. In the same February 26 Order and Opinion, the Court granted in part the Defendants Motion for Discovery Sanctions, and allowed the Defendant to apply for fees incurred in litigating those sanctions motions (“fees-on-fees”). ECF No. 188 at 26-45. The Court then approved briefing on Defendant’s application for “additional fees and expenses incurred in preparing the two motions for sanctions.” ECF No. 192. Defendants applied for supplemental fees and expenses. ECF No. 193. Cerco, now represented by new counsel, and its former counsel, Fox Rothschild LLP (“Fox Rothschild”) both submitted Memorandaof Law in Opposition to Defendant’s Motion. ECF Nos. 194-95. Defendants then submitted a Reply Memorandum and Declaration in support of their application. ECF No. 196. For the following reasons, the Court GRANTS IN PART the Defendants’ Motion for Supplemental Fees and Costs. ECF No. 193. LEGAL STANDARD “[D]istrict courts possess ‘wide discretion’ in imposing sanctions under Rule 37.” Shcherbakovskiy v. Da Capo Al Fine, Ltd., 490 F.3d 130, 135 (2d Cir. 2007).1 Additionally, district courts have “broad discretion to determine a fee award based on the circumstance of a

case.” Au New Haven, LLC v. YKK Corp., No. 15 Civ. 3411, 2018 WL 333828, at *7 (S.D.N.Y. Jan. 5, 2018) (citing Underdog Trucking, LLC v. Verizon Servs. Corp., 276 F.R.D. 105, 108 (S.D.N.Y. 2011)). In determining appropriate attorney’s fees, district courts in this Circuit use the “lodestar method,” in which the number of hours reasonably expended is multiplied by a reasonable hourly rate. McDonald v. Pension Plan of the NYSA–ILA Pension Tr. Fund, 450 F.3d 91, 96 (2d Cir. 2006) (per curiam). A reasonable hourly rate is “the rate a paying client would be willing to pay.” Arbor Hill Concerned Citizens Neighborhood Ass'n. v. Cnty. of Albany, 522 F.3d 182, 190 (2d Cir. 2008). Reasonable fees compensate counsel only for “hours reasonably expended on the litigation,” and not for “hours that are excessive, redundant, or otherwise unnecessary[.]” Hensley

v. Eckerhart, 461 U.S. 424, 433-34 (1983). A district court has discretion to determine a reasonable hourly rate, and may exercise that discretion to “use a percentage deduction” to reduce fees in case of an excessive fee application. Pasini v. Godiva Chocolatier, Inc., 764 F. App'x 94, 95 (2d Cir. 2019).

1All references to Rules are to the Federal Rules of Civil Procedure. In all quotations from cases, the Court omits citations, alterations, emphases, internal quotation marks, and ellipses, unless otherwise indicated. In setting a reasonable hourly rate, courts consider the case-specific Johnson Factors, including: (1) the time and labor required; (2) the novelty and difficulty of the questions; (3) the level of skill required to perform the legal service properly; (4) the preclusion of employment by the attorney due to acceptance of the case; (5) the attorney's customary hourly rate; (6) whether the fee is fixed or contingent; (7) the time limitations imposed by the client or the circumstances; (8) the amount involved in the case and the results obtained; (9) the experience, reputation, and ability of the attorneys; (10) the “undesirability” of the case; (11) the nature and length of the professional relationship with the client; and (12) awards in similar cases. Arbor Hill, 522 F.3d at 186 n.3 (citing Johnson v. Ga. Highway Exp., Inc., 488 F.2d 714, 717-719 (5th Cir. 1974)). The Court needs not make recite and make separate findings as to all 12 factors. (RC) 2 Pharma Connect, LLC v. Mission Pharmacal Co., No. 21 Civ. 11096, 2023 WL 112552, at *3 (S.D.N.Y. Jan. 4, 2023). Once a reasonable rate of pay has been calculated, “the presumptively reasonable fee is calculated by . . . multiplying that rate by the number of hours reasonably expended litigating the case.” Trs. of N.Y.C. Dist. Council of Carpenters Pension Fund, Welfare Fund, Annuity Fund, and Apprenticeship, Journeyman Retraining, Educ. & Indus. Fund v. Baroco Contracting Corp., No. 24 Civ. 1898, 2024 WL 4519836, at *3 (S.D.N.Y. Oct. 17, 2024); see also Hensley, 461 U.S. at 433. “If the number of hours recorded by counsel is disproportionate to the work performed, the Court should reduce the stated hours in making its fee award.” Errant Gene Therapeutic, LLC v. Sloan-Kettering Inst. for Cancer Rsch., 286 F. Supp. 3d 585, 588 (S.D.N.Y. 2018), aff'd sub nom. Errant Gene Therapeutics, LLC v. Sloan-Kettering Inst. for Cancer Rsch., No. 15 Civ. 2044, 2018 WL 3094913 (S.D.N.Y. June 21, 2018), aff'd, 768 F. App'x 141 (2d Cir. 2019). A court “properly excludes excessive, redundant, or otherwise unnecessary” hours. Raja v. Burns, 43 F.4th 80, 87 (2d Cir. 2022). DISCUSSION Defendants requested for a total of $207,774.94 in supplemental fees and costs, consisting of $199,579.50 in attorney’s fees2 and $8,195.44 in expenses. Defs.’ Suppl. App. for Att’y’s Fees and Costs (“Defs.’ Suppl.”) at 13, ECF No. 193. The $199,579.50 worth of attorney’s fees include (1) 46.5 hours of work for litigation partner Gabriel Herrmann, at $1,915 per hour, totaling $89,047.5; (2) 52.6 hours of work for litigation associate Diane Chan (2014 law school graduate),

at $1,390 per hour, totaling $73,114; and (3) 35.3 hours of work for associate Ritchie Vaughn (2022 law school graduate), at $1,060 per hour, totaling $37,418. Defs.’ Suppl., Ex. 1, ECF No. 193-2. Out of that total amount, the attorneys claim that $144,481.50 were incurred in connection with the sanctions motion relating to the May 7 deposition, and the remainder $55,098.00 were in connection with the sanctions motion relating to the July 10 deposition. Defs.’ Suppl., Second Herrmann Decl. ¶ 6, ECF No. 193-1; ECF No. 193-2. Defendants further request for a total of $8,195.44 in litigation expenses, consisting of research and printing costs. Defs.’ Suppl. at 13; Defs.’ Suppl., Ex. 2, ECF No. 193-3. Finally, Defendants request the Court impose cost and fees jointly and severally against Cerco and Fox Rothschild. Defs.’ Suppl. at 12 n.2, 13. Both Cerco and Fox Rothschild oppose the imposition of any additional fees. Fox

Rothschild argues that the hourly rates Defendant requests were unreasonable and not in line with prevailing rates within this District. Fox Rothschild’s Mem. Law Opp’n Defs.’ Supp. Appl. For Att’y’s Fees and Costs (“Fox Rothschild Opp’n”) 7-10, ECF No. 195.

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Cerco Bridge Loans 6 LLC v. Gregg Schenker and Steven Hornstock, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cerco-bridge-loans-6-llc-v-gregg-schenker-and-steven-hornstock-nysd-2026.