East 32nd Street Associates v. Jones Lang Wootton USA
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Ellerin, J.
The underlying action involved on this appeal stems from a *70financially unsuccessful real estate venture undertaken by plaintiffs with the aid of their then investment advisor, property manager and leasing agent, defendant Jones Lang Wootton USA (JLW), and its employees, defendants Milde and Pariser. The property at issue, a commercial office building located at 145 East 32nd Street in Manhattan, was purchased by plaintiff East 32nd Street Associates in October 1985. Plaintiffs’ claim that they were induced to enter into this transaction by false information…
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