Scott Mollen, Partner at Herrick, Feinstein LLP Realty Law Digest
In this edition of his Realty Law Digest column, Scott Mollen discusses a co-op case, '800 Grand Concourse Owners v. Charlene Thompson', where the appellate court affirmed a judgment granting a co-op's motion for summary judgment and awarded possession of a cooperative apartment to the petitioner in a holdover summary proceeding; 'JS Equity Holdings 1 LLC v. 527Myrtle LLC', in which the court denied a motion to cancel a notice of pendency; and 'Gridley v. Turnbury Village LLC', a landlord-tenant matter holding that landlord did not engage in fraud to deregulate an apartment.
July 27, 2021 at 09:50 AM
14 minute read
Co-Ops—Co-Op Board Entitled To Terminate Shareholder's Proprietary Lease—Business Judgment Rule—Co-Op Followed Requisite Procedures and Terminated the Proprietary Lease on the Grounds That the Shareholders Engaged in 'Vexatious Litigation Against the Cooperative and Its Members … Consisting of Multiple Frivolous and Duplicative Suits, Which Caused the Cooperative Considerable Expense and Resulted in the Loss of Insurance Coverage … .'
An Appellate Term panel affirmed a judgment of the Civil Court which granted a cooperative corporation's motion for summary judgment and awarded possession of a cooperative apartment to the petitioner in a holdover summary proceeding.
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