Monthly Archives: February 2015

Centech LLC v. Yippie Holdings LLC, Index No. 107802/2009, 12/23/14 (Oing, J.).

Posted on February 20, 2015 by cdolreic

By: Moshe Boroosan | Contributor Contracts; Requisites and Validity; Parties, Proposals and Acceptance; Options; Right of first refusal. Defendant 9 Bleeker Street LLC (“Bleeker”) sold a building to Yippie Holdings, LLC and National Aids Brigade, Inc. (“Yippee/NAB defendants”) for $1.2 million.  … Continue reading →

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Lau v. Lazar, Index No. 651648/2013, 10/14/2014 (Kornreich, J.).

Posted on February 16, 2015 by cdolreic

By Christine Kummer | Staff Writer Contract; individual liability; veil piercing; NY LLC §609-10; unjust enrichment. Individual defendant, an accountant and owner of corporate defendants negotiated a letter of intent with individual plaintiff, a doctor and owner of corporate plaintiffs … Continue reading →

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Ambac Assurance Corporation v. EMC Mortgage LLC, Index No. 12665 651013/12 (Kapnick, J.).

Posted on February 3, 2015 by cdolreic

By Evan Jaffe | Staff Writer Contract; breach; standing. Plaintiff brought suit seeking to recover losses for breaches of multiple sections of interconnected contracts involving residential mortgage-backed-securities (“RMBS”).  Plaintiff alleged Defendant’s fraud and misrepresentations caused Plaintiff to pay over $300 … Continue reading →

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