X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Appeals

By Friedman, J.P., Manzanet-Daniels, Kern, Moulton, JJ. 159994/19. 80 BROAD RETAIL ASSOCIATES, LLC, plf-res, v. BSD 80 BROAD LLC, def-app — Lachtman Cohen P.C., New York (Brian S. Cohen of counsel), for appellant — Norris McLaughlin P.A., New York (Sharyn A. Tritto of counsel), for respondent — Order, Supreme Court, New York County (Barbara Jaffe, J.), entered on or about November 25, 2019, which granted plaintiff’s application for a Yellowstone injunction, unanimously affirmed, without costs. The motion court properly granted plaintiff’s application for a Yellowstone injunction. Contrary to defendant’s contention, plaintiff fulfilled the four criteria for Yellowstone relief, namely, that “(1) it holds a commercial lease; (2) it received from the landlord either a notice of default, a notice to cure, or a threat of termination of the lease; (3) it requested injunctive relief prior to the termination of the lease; and (4) it is prepared and maintains the ability to cure the alleged default by any means short of vacating the premises” (Graubard Mollen Horowitz Pomeranz & Shapiro v. 600 Third Ave. Assoc., 93 NY2d 508, 514 [1999]). Given that article 17 of the lease specifically contemplates at least a 20-day cure period, we decline to rewrite that provision to divest plaintiff of its unfettered right to assign the lease or sublet the premises under paragraph 44 of the lease rider, or to transform the boilerplate default provision into a continuous operation clause (id. at 515). We have considered defendant’s remaining contentions and find them unavailing. THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
November 27, 2024
London

Celebrating achievement, excellence, and innovation in the legal profession in the UK.


Learn More
December 02, 2024 - December 03, 2024
Scottsdale, AZ

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!


Learn More
December 11, 2024
Las Vegas, NV

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.


Learn More

INTELLECTUAL PROPERTY PROSECUTION PARALEGAL - NEW JERSEY OR NEW YORK OFFICESProminent mid-Atlantic law firm with multiple regional office lo...


Apply Now ›

Experienced Insurance Defense Attorney.No in office requirement.Send resume to:


Apply Now ›

The Republic of Palau Judiciary is seeking applicants for one Associate Justice position who will be assigned to the Appellate Division of ...


Apply Now ›