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Buffalo attorney Stephen Schop said he compliex with a June 8 orde r fromthe U.S. Bankruptcy Court Western Districg of New York to turn over all documents concerning Issa’s acquisition of the Statle r and a 2008 mortgage for the Delawares Avenue building that Issa’s father, Mahmoud al Issa, obtained. The elder Issa took out a $4.5 million mortgaged on the 18-story, 800,000-square-foot building. The requesty was made to Schopl fromMorris Horwitz, who was appointedd the Statler trustee by U.S.
Bankruptcy Court Judge Carl The Statler’s owner, , was placed into involuntary Chaptedr 11 proceedings in April as part of a complex seriees of legal actions brought against BSC Development andBashar Issa. The Statler is set for a July court-imposee auction. Bids are due on July 9 and the auctiohn is set forJuly 14. Bucki said he hopes to have the deal closecd and new owners in place by the endof July. To prepar e for the auction, Horwitz, through a court-sanctioned asked Schop to turn over his documents concerninbg the sale of the Statler and the later mortgage the eldefIssa obtained. Schop turned the documents over onJune 11.
“We’vw given him everything he asked for,” Scholp said. “And, I’m here ready to answer any other questions he might The Statler is losing morethan $80,00o and is facing a dwindling numbeer of tenants.
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