Legal Opinion

Concord Associates, L.P. v. EPT Concord, LLC

Appellate Division of the Supreme Court of the State of New York

Decided July 30, 2015Published

1Opinion of the CourtRose, J.

Appeal from an order of the Supreme Court (LaBuda, J.), entered July 7, 2014 in Sullivan County, which, among other things, granted defendants’ motion for partial summary judgment.

Plaintiff Concord Associates, L.P. purchased approximately 1,600 acres of real property located in Sullivan County in 1999, and plaintiffs began an effort to develop a resort and casino project there. In 2007, they sought an infusion of capital from entities associated with defendants and ultimately borrowed over $162 million from defendant EPT Concord, LLC. The loan was secured by most of plaintiffs’ real property…

2Cases cited23 opinions

  1. Zuckerman v. City of New YorkNew York Court of Appeals · 1980
  2. Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
  3. People v. MorenoNew York Court of Appeals · 1987
  4. Merritt Hill Vineyards Inc. v. Windy Heights Vineyard, Inc.New York Court of Appeals · 1984
  5. Vermont Teddy Bear Co. v. 538 Madison Realty Co.New York Court of Appeals · 2004

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