1650 REALTY ASSOCIATES, LLC res, v. GOLDEN TOUCH MANAGEMENT, INC., ET AL., ap

MATTER OF 1650 REALTY ASSOCIATES, LLC res, v. GOLDEN TOUCH MANAGEMENT, INC., ET AL., ap — (INDEX NO. 5408/11)In a proceeding, inter alia, for an accounting, Golden Touch Management, Inc., Paro Management Co., Inc., Jangla Realty Corp., Serhof Realty Corp., Ronald Swartz, and Steven Swartz appeal (1), as limited by their brief, from so much of an order of the Supreme Court, Nassau County (Bucaria, J.), dated July 13, 2011, as granted the petitioners' motion for a preliminary injunction to the extent that they were preliminarily enjoined from transferring any assets or monies belonging to the petitioners without the written consent of Gladys Lind, the petitioners' managing member, and from making any payments from the petitioners' funds to them or their principals, or anyone on their behalf, and set an undertaking in the sum of only $50,000 pursuant to CPLR 6312 (b), and (2) from an order of the same court dated August 8, 2011, which, in effect, granted the petitioners' application to clarify the order dated July 13, 2011, to the extent of preliminarily enjoining them from managing the petitioners' properties, and directed them to remit to the petitioners all funds in their possession derived from the subject properties.

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MATTER OF 1650 REALTY ASSOCIATES, LLC res, v. GOLDEN TOUCH MANAGEMENT, INC., ET AL., ap — (INDEX NO. 5408/11)In a proceeding, inter alia, for an accounting, Golden Touch Management, Inc., Paro Management Co., Inc., Jangla Realty Corp., Serhof Realty Corp., Ronald Swartz, and Steven Swartz appeal (1), as limited by their brief, from so much of an order of the Supreme Court, Nassau County (Bucaria, J.), dated July 13, 2011, as granted the petitioners’ motion for a preliminary injunction to the extent that they were preliminarily enjoined from transferring any assets or monies belonging to the petitioners without the written consent of Gladys Lind, the petitioners’ managing member, and from making any payments from the petitioners’ funds to them or their principals, or anyone on their behalf, and set an undertaking in the sum of only $50,000 pursuant to CPLR 6312 (b), and (2) from an order of the same court dated August 8, 2011, which, in effect, granted the petitioners’ application to clarify the order dated July 13, 2011, to the extent of preliminarily enjoining them from managing the petitioners’ properties, and directed them to remit to the petitioners all funds in their possession derived from the subject properties.

ORDERED that on the Court’s own motion, the proceeding is converted to an action, inter alia, for an accounting, the is deemed to be the summons, and the petition is deemed to be the complaint (see CPLR 103[c]); and it is further,

1650 REALTY ASSOCIATES, LLC res, v. GOLDEN TOUCH MANAGEMENT, INC., ET AL., ap

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