Tenants United at: 20 Magaw Place v. Attorney General
Opinion of the Court
—Order, Supreme Court, New York County (Diane Lebedeff, J.), entered November 7, 1997, which, in an action to set aside, as fraudulent, a 1972 cooperative conversion of the subject building, granted defendants’ motion for summary judgment dismissing the complaint on the grounds of Statute of Limitations and lack of standing, unanimously affirmed, without costs.
Assuming, as plaintiffs allege, that defendants fraudulently concealed for 25 years that proper and timely notices of the right to buy apartments at insider prices were not given to tenants holding leases at the time of the conversion, the action was properly dismissed as time-barred, given evidence of extensive prior proceedings concerning the conversion and absent any explanation why evidence of this fraud could not have been discovered sooner (CPLR 213 [8]; 203 [g]). Nor do plaintiffs have standing to challenge a conversion that was
Case-law data current through December 31, 2025. Source: CourtListener bulk data.