Sasson v. TLG Acquisition LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Salliann Scarpulla, J.), entered February 7, 2014, which granted defendants’ motion to dismiss the complaint, reversed, on the law, without costs, and the motion denied.
Plaintiffs sought to accelerate the payment of the notes and to increase the interest rate due, based on a “Change of Control” in the board of a nonparty entity. The notes provided that a “Change of Control” brought about by “the Permitted *481Investors” would not constitute a “Change of Control,” but did not define the term “Permitted Investors.” The motion court correctly read the notes in…
2Cases cited7 opinions
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- Fundamental Long Term Care Holdings, LLC v. Cammeby's Funding LLCNew York Court of Appeals · 2013
- Brax Capital Group, LLC v. WinWin Gaming, Inc.Appellate Division of the Supreme Court of the State of New York · 2011
- Progressive Northeastern Insurance v. State Farm InsuranceAppellate Division of the Supreme Court of the State of New York · 2011
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