The cooperative at 118 East 60th Street in Manhattan got lucky. Its books and records including alteration records were maintained at its management firm’s office – Matthew Adam Properties. When sued, the cooperative and management was demanded to turn over alteration records but was unable to do so because of water damage at management’s office. The other reason raised was a 7 year document retention policy which the cooperative and management claimed was followed and thus the requested records were no longer available.    Read the article………………………..