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Articles Posted in Litigation

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Finding No Consideration Court Refuses to Enforce Non-Compete Agreement

NBTY, Inc. is a manufacturer and seller of vitamins and nutritional products. Piping Rock Health Products, LLC is a competitor run by NBTY’s former CEO. Between the end of 2014 and the middle of 2015, a number of high-level NBTY employees resigned and went to work at Piping Rock. In…

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Court Grants Discharge of Residential Mortgage after Foreclosure Action Is Dismissed

In 2005, a property owner borrowed $452,000 with which to buy a residential property. After the borrower’s default, that lender assigned the loan to HSBC. HSBC commenced a foreclosure action which was dismissed in 2007 for failure to serve the borrower. HSBC waited until 2009 to file a second foreclosure…

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Court Compels Cablevision to Disclose Identify of Parties Posting to Yelp.com

Gerald L. Cohen, D.D.S sought to force Cablevision to disclose the identity of an individual who posted negative comments to Yelp.com. Cohen intended to use that information to commence a lawsuit for defamation against the poster. Previously, Yelp.com had been compelled to provide to Cohen the IP address of the…

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Buyer Not Obligated to Close on Property for Which He Does Not Have Exclusive Use

A buyer entered into to a contract to purchase a penthouse co-op apartment for $27.5 million. Part of the unit being purchased included a terrace, which was to be for the buyer’s exclusive use. Between contract and closing, this exclusive use was questioned as the board intended to convert the…

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Landlord Cannot Collect More than Actual Damages

Landlord and Tenant entered into a long-term commercial lease. After the Tenant vacated, Landlord terminated the lease, and sued to recover legal possession of the space and for rents that were then past due and owing. Landlord won that lawsuit. Thereafter, the Landlord commenced a second action seeking the amount…

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Real Estate Broker Entitled to Recover the Value of Its Services

Goli Realty Corp., commenced an action for the recovery of brokerage commissions. Goli sued Halperin claiming to have brought a buyer that was ready, willing and able to purchase certain real property that Halperin and his entity, SPJ LLC, were looking to sell. Goli prepared marketing packages for Hess Oil,…

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S&P Is Forced to Provide Broad Access of its Books to Shareholders

One of the repercussions of the mortgage meltdown was the subsequent scrutiny of the bond rating agencies, including S&P. Claims were made that the rating agencies ignored bond risks and overstated the quality of certain bonds so that the agencies would earn more fees from the increased volume of bonds…

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